AspenTech Delivers Strong Q4 Results Despite Suspending Operations In Russia: Details
Portfolio Pulse from Lekha Gupta
Aspen Technology, Inc. (NASDAQ:AZPN) reported strong Q4 FY24 results, beating revenue and EPS estimates despite suspending operations in Russia. The company saw significant growth in Annual Contract Value (ACV) and cash flow, and announced a new $100 million share repurchase authorization for fiscal 2025. Investors can gain exposure to the stock via ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX) and FM Focus Equity ETF (NYSE:FMCX).
August 07, 2024 | 4:12 pm
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Aspen Technology, Inc. (NASDAQ:AZPN) reported strong Q4 FY24 results, beating revenue and EPS estimates. The company announced a new $100 million share repurchase authorization for fiscal 2025.
The strong financial performance, including beating revenue and EPS estimates, and the new share repurchase authorization are likely to positively impact AZPN's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
FM Focus Equity ETF (NYSE:FMCX) provides exposure to Aspen Technology, Inc. (NASDAQ:AZPN), which reported strong Q4 FY24 results.
FMCX holds AZPN, which reported strong financial results. This positive performance of AZPN is likely to benefit FMCX in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
ProShares S&P Kensho Smart Factories ETF (NYSE:MAKX) provides exposure to Aspen Technology, Inc. (NASDAQ:AZPN), which reported strong Q4 FY24 results.
MAKX holds AZPN, which reported strong financial results. This positive performance of AZPN is likely to benefit MAKX in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50