Aspen technology Inc. (AZPN: Quote) Tuesday reported second-quarter net income of $5.8 million or $0.10 per share, up from $3.8 million or $0.04 per share last year.
Adjusted income for the quarter improved to $12.3 million or $0.13 per share from $6.0 million or $0.06 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.05 per share for the quarter. Analysts’ estimates typically exclude special items.
Aspen’s revenues for the quarter grew 16 percent $77.3 million from $66.6 million last year. Analysts estimated revenues of $67.48 million for the quarter.
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by RTT Staff Writer
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