Aspen Technology Announces Preliminary Third Fiscal Quarter Results

Apr 04, 2001, 01:00 ET from Aspen Technology, Inc.

    CAMBRIDGE, Mass., April 4 /PRNewswire/ --Aspen Technology, Inc.
 (Nasdaq:  AZPN) today announced preliminary financial results for its third
 fiscal quarter ended March 31, 2001.  Total revenues are expected to range
 between $75 and $77 million, resulting in a pro forma basic loss per share of
 $0.10 and $0.12, excluding amortization of goodwill and expenses related to
 PetroVantage, AspenTech's wholly-owned e-business initiative for the petroleum
 industry.  The company expects license revenues will total between $33 and $35
 million, with services revenues totalling between $42 and $43 million.
 AspenTech believes these results were adversely affected by global economic
 uncertainties, particularly in North America and Europe, which caused new and
 existing customers to defer previously committed software investments in the
 last few days of the quarter.
     (Photo :http://www.newscom.com/cgi-bin/prnh/20000811/ASPENLOGO )
     "Like many in the software industry, we were impacted at the very end of
 March by deferred decision-making, especially where customers had indicated
 that they planned large commitments to our solutions," said Larry Evans,
 Chairman & CEO of AspenTech.  "Despite having good strength and diversity in
 our sales pipeline, a difficult economic environment caused the postponement
 of a number of transactions, including multiple deals that were larger than $1
 million.
     "In the short-term, we are committed to returning AspenTech to more
 acceptable levels of profitability and will take all appropriate actions to
 reduce expenses necessary to achieve that goal without adversely affecting our
 customers.  Longer term, we believe our domain expertise and the breadth of
 our solutions make us well-positioned competitively to serve the process
 industries."
     The company will host a conference call to discuss these preliminary
 financial results on April 4, 2001 at 5:30 p.m. EST.  Interested parties may
 listen to the call by dialing 913-981-5508 or by accessing a live Webcast of
 the through AspenTech's website:  http://www.aspentech.com and clicking on the
 "Conference Call" link under the Investor Relations section of the site.  A
 replay of the call will be archived on AspenTech's website for ten days and
 will also be available for forty-eight hours via telephone, beginning at 7:30
 p.m. Eastern Time on April 4, 2001, by dialing 719-457-0820 and entering in
 confirmation code 548327.  AspenTech will host a conference call to discuss
 its third quarter financial results and the outlook for the remainder of
 calendar 2001 on Tuesday, April 24th, 2001 at 4:45 p.m. Eastern Time.
 
     About AspenTech
     Aspen Technology, Inc. is the leading supplier of integrated software and
 solutions that enable process manufacturers to automate and optimize their
 plants and extended supply chains, while enabling e-business.  With deep
 process knowledge, best-in-class technology, and strategic alliances with
 leading business and technology partners, AspenTech offers the industry's
 broadest family of scaleable solutions, allowing process manufacturers to
 achieve competitive advantage in the Internet economy.  AspenTech's
 Plantelligence(TM) solutions automate and optimize critical business processes
 at the plant level.  AspenTech's Enterprise Optimization(TM) solutions extend
 the scope of optimization across the enterprise and extended supply chain.
 AspenTech eSupply Chain solutions enable manufacturers to link seamlessly to
 customers, suppliers and on-line trading exchanges, creating a collaborative,
 flexible extended enterprise.  AspenTech employs more than 1,800 people
 worldwide.  For more information, visit http://www.aspentech.com.
 
     Paragraphs 1, 2 and 3 of this press release contain forward-looking
 statements for purposes of the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  For this purpose, any statement
 using the term "will," "should," "could," "anticipates," "believes" or a
 comparable term is a forward-looking statement.  The estimated results
 included in the second paragraph are preliminary and subject to change based
 on AspenTech's completion of accounting procedures.  Actual results may vary
 significantly from AspenTech's expectations based on a number of risks and
 uncertainties, including:  AspenTech's lengthy sales cycle which makes it
 difficult to predict quarterly operating results; fluctuations in AspenTech's
 quarterly operating results; AspenTech's dependence on customers in the
 cyclical chemicals, petrochemicals and petroleum industries; AspenTech's need
 to hire additional qualified personnel and its dependence on key current
 employees; intense competition; AspenTech's dependence on systems integrators
 and other strategic partners; and other risk factors described from time to
 time in AspenTech's periodic reports and registration statements filed with
 the Securities and Exchange Commission.  AspenTech cannot guarantee any future
 results, levels of activity, performance, or achievements. Moreover, neither
 AspenTech nor anyone else assumes responsibility for the accuracy and
 completeness of any forward-looking statements.  AspenTech undertakes no
 obligation to update any of the forward-looking statements after the date of
 this press release.
 
      Contact:
      Joshua Young
      Aspen Technology, Inc.
      617-949-1274
 
 

SOURCE Aspen Technology, Inc.
    CAMBRIDGE, Mass., April 4 /PRNewswire/ --Aspen Technology, Inc.
 (Nasdaq:  AZPN) today announced preliminary financial results for its third
 fiscal quarter ended March 31, 2001.  Total revenues are expected to range
 between $75 and $77 million, resulting in a pro forma basic loss per share of
 $0.10 and $0.12, excluding amortization of goodwill and expenses related to
 PetroVantage, AspenTech's wholly-owned e-business initiative for the petroleum
 industry.  The company expects license revenues will total between $33 and $35
 million, with services revenues totalling between $42 and $43 million.
 AspenTech believes these results were adversely affected by global economic
 uncertainties, particularly in North America and Europe, which caused new and
 existing customers to defer previously committed software investments in the
 last few days of the quarter.
     (Photo :http://www.newscom.com/cgi-bin/prnh/20000811/ASPENLOGO )
     "Like many in the software industry, we were impacted at the very end of
 March by deferred decision-making, especially where customers had indicated
 that they planned large commitments to our solutions," said Larry Evans,
 Chairman & CEO of AspenTech.  "Despite having good strength and diversity in
 our sales pipeline, a difficult economic environment caused the postponement
 of a number of transactions, including multiple deals that were larger than $1
 million.
     "In the short-term, we are committed to returning AspenTech to more
 acceptable levels of profitability and will take all appropriate actions to
 reduce expenses necessary to achieve that goal without adversely affecting our
 customers.  Longer term, we believe our domain expertise and the breadth of
 our solutions make us well-positioned competitively to serve the process
 industries."
     The company will host a conference call to discuss these preliminary
 financial results on April 4, 2001 at 5:30 p.m. EST.  Interested parties may
 listen to the call by dialing 913-981-5508 or by accessing a live Webcast of
 the through AspenTech's website:  http://www.aspentech.com and clicking on the
 "Conference Call" link under the Investor Relations section of the site.  A
 replay of the call will be archived on AspenTech's website for ten days and
 will also be available for forty-eight hours via telephone, beginning at 7:30
 p.m. Eastern Time on April 4, 2001, by dialing 719-457-0820 and entering in
 confirmation code 548327.  AspenTech will host a conference call to discuss
 its third quarter financial results and the outlook for the remainder of
 calendar 2001 on Tuesday, April 24th, 2001 at 4:45 p.m. Eastern Time.
 
     About AspenTech
     Aspen Technology, Inc. is the leading supplier of integrated software and
 solutions that enable process manufacturers to automate and optimize their
 plants and extended supply chains, while enabling e-business.  With deep
 process knowledge, best-in-class technology, and strategic alliances with
 leading business and technology partners, AspenTech offers the industry's
 broadest family of scaleable solutions, allowing process manufacturers to
 achieve competitive advantage in the Internet economy.  AspenTech's
 Plantelligence(TM) solutions automate and optimize critical business processes
 at the plant level.  AspenTech's Enterprise Optimization(TM) solutions extend
 the scope of optimization across the enterprise and extended supply chain.
 AspenTech eSupply Chain solutions enable manufacturers to link seamlessly to
 customers, suppliers and on-line trading exchanges, creating a collaborative,
 flexible extended enterprise.  AspenTech employs more than 1,800 people
 worldwide.  For more information, visit http://www.aspentech.com.
 
     Paragraphs 1, 2 and 3 of this press release contain forward-looking
 statements for purposes of the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  For this purpose, any statement
 using the term "will," "should," "could," "anticipates," "believes" or a
 comparable term is a forward-looking statement.  The estimated results
 included in the second paragraph are preliminary and subject to change based
 on AspenTech's completion of accounting procedures.  Actual results may vary
 significantly from AspenTech's expectations based on a number of risks and
 uncertainties, including:  AspenTech's lengthy sales cycle which makes it
 difficult to predict quarterly operating results; fluctuations in AspenTech's
 quarterly operating results; AspenTech's dependence on customers in the
 cyclical chemicals, petrochemicals and petroleum industries; AspenTech's need
 to hire additional qualified personnel and its dependence on key current
 employees; intense competition; AspenTech's dependence on systems integrators
 and other strategic partners; and other risk factors described from time to
 time in AspenTech's periodic reports and registration statements filed with
 the Securities and Exchange Commission.  AspenTech cannot guarantee any future
 results, levels of activity, performance, or achievements. Moreover, neither
 AspenTech nor anyone else assumes responsibility for the accuracy and
 completeness of any forward-looking statements.  AspenTech undertakes no
 obligation to update any of the forward-looking statements after the date of
 this press release.
 
      Contact:
      Joshua Young
      Aspen Technology, Inc.
      617-949-1274
 
 SOURCE  Aspen Technology, Inc.