Aspen (AZPN) Q4 Earnings Beat, Stock Up on Upbeat ’21 View

Aspen Technology AZPN reported fourth-quarter fiscal 2020 non-GAAP earnings of $1.54 per share that surpassed the Zacks Consensus Estimate by 30.5% but declined 3.1% on a year-over-year basis.
Revenues of $199.3 million beat the Zacks Consensus Estimate by 12.8% and improved 1.8% from the year-ago quarters figure. Uptick in contract renewals, as economies reopened, drove year-over-year growth.
As of Jun 30, 2020, the total contract value or TCV amounted to $2.76 billion, compared with $2.57 bi…

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