CIMdata PLM Industry Summary Online Archive
15 March 2007
Financial News
Aspen Technology Completes Restatement and Files Amended Annual Report on Form 10-K
Aspen Technology announced that it has filed with the Securities and Exchange Commission (SEC) its Form 10-Q for the quarter ended December 31, 2006, together with amendments to its Form 10-K for the fiscal year ended June 30, 2006 and its Form 10-Q for the quarter ended September 30, 2006. The Company is now current in its SEC reporting obligations, as is required by the Nasdaq Listing Qualifications Panel for the continued listing of its common stock on the Nasdaq Global Market. These filings represent the completion of the Company's restatement of previously issued financial statements, as disclosed on February 6, 2007.
The Company reported revenue of $96.4 million and operating income of $25.6 million for the quarter ended December 31, 2006, in-line with the preliminary fiscal second quarter results that were announced on February 6, 2007. The Company reported net income applicable to common shareholders of $25.2 million and diluted income per share applicable to common shareholders of $0.32 in the quarter ended December 31, 2006, a 300% increase compared to $0.08 in the prior year's quarter.
Mark Fusco, President and CEO of Aspen Technology , said "We are pleased to bring our SEC filings up-to-date, and to report final results for our quarter ended December 31, 2006. As previously announced, our record financial performance was driven by strong demand for our aspenONE solutions across each major product category, coupled with the positive impact of a number of multi-million dollar transactions during the quarter."
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