Aspen Technology Smashed the Street’s Earnings Targets (and Next Year Looks Even Better)

Asset-tracking and process management technologist Aspen Technology(NASDAQ:AZPN) is turning heads today. The company was expected to suffer lower sales and dramatically weaker earnings year over year in Wednesday’s fourth-quarter earnings report, but Aspen had other ideas. The report crushed Wall Street’s expectations across the board and inspired a fairly optimistic set of guidance targets for the new fiscal year, sending share prices 28% higher in Wednesday’s after-market trading session.

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