OverviewSuggest Edit

Aspen Technology (AspenTech) is a supplier of asset optimization software solutions. Its product, aspenONE, enables process industry companies to optimize their engineering, manufacturing, and supply chain operations. The company serves oil and gas, petroleum, chemicals, pharmaceuticals, and other industries that manufacture and produce chemical products.

TypePublic
Founded1981
HQBedford, MA, US
Websiteaspentech.com
Employee Ratings3
Overall CultureD

Latest Updates

Employees (est.) (Jun 2020)1,710(+7%)
Job Openings206
Revenue (FY, 2019)$598.3 M(+20%)
Share Price (Oct 2021)$163.5(-2%)
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Key People/Management at Aspen Technology

Antonio Pietri

Antonio Pietri

President, Chief Executive Officer
Willie K. Chan

Willie K. Chan

Chief Technology Officer
John Hague

John Hague

Executive Vice President, Operations
Frederic G. Hammond

Frederic G. Hammond

Senior Vice President, General Counsel
Glover Lawrence

Glover Lawrence

Senior Vice President, Corporate Development
Skip Maloney

Skip Maloney

Senior Vice President, Chief Human Resources Officer
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Aspen Technology Office Locations

Aspen Technology has offices in Bedford, Houston, , Melbourne and in 28 other locations
Bedford, MA, US (HQ)
20 Crosby Dr
Houston, TX, US
2500 CityWest Blvd #1600
Melbourne, AU
Level 5/11 Queens Rd
Seef, BH
Almoayyed Tower, 2504 Rd No. 2832
Machelen, BE
Diegem
São Paulo, BR
Edifício Antonio Alves Ferreira Guedes, Av. Brigadeiro Faria Lima, 3729 - 4.º andar (Piso Regus) CEP: 04538-905
Show all (35)

Aspen Technology Financials and Metrics

Aspen Technology Revenue

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Aspen Technology's revenue was reported to be $598.35 m in FY, 2019 which is a 19.8% increase from the previous period.
USD

Revenue (Q2, 2021)

180.2m

Gross profit (Q2, 2021)

177.9m

Gross profit margin (Q2, 2021), %

98.8%

Market capitalization (15-Oct-2021)

11.1b

Closing stock price (15-Oct-2021)

163.5

Cash (31-Dec-2020)

217.5m

EV

11.0b
Aspen Technology's current market capitalization is $11.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

482.9m499.5m598.3m

Revenue growth, %

3%20%

Cost of goods sold

47.5m50.6m57.8m

Gross profit

435.5m448.9m540.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

122.8m124.9m125.9m114.2m140.4m148.0m134.1m124.7m132.0m115.0m180.2m

Cost of goods sold

12.7m12.1m12.8m13.2m14.7m14.4m15.2m15.5m15.7m15.5m2.2m

Gross profit

110.0m112.8m113.1m100.9m125.7m133.6m118.9m109.2m116.3m99.5m177.9m

Gross profit Margin, %

90%90%90%88%90%90%89%88%88%87%99%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

102.0m96.2m71.9m

Accounts Receivable

27.7m21.9m47.8m

Prepaid Expenses

12.1m10.5m12.6m

Current Assets

146.2m131.2m429.0m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

162.2m148.7m262.7m

Depreciation and Amortization

6.4m6.5m8.1m

Accounts Payable

(9.1m)1.2m21.9m

Cash From Operating Activities

182.4m206.9m238.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

34.8m72.8m110.7m38.1m97.3m158.9m46.3m84.6m128.1m32.7m161.9m

Depreciation and Amortization

1.8m3.4m4.9m2.0m4.0m6.1m2.0m4.5m7.0m2.3m4.9m

Accounts Payable

6.8m(1.8m)(4.4m)34.9m37.7m33.0m(12.7m)(23.1m)(20.8m)(5.5m)(7.1m)

Cash From Operating Activities

12.4m54.8m127.8m5.6m63.1m153.1m15.3m62.2m143.6m36.5m74.3m
USDFY, 2017

Revenue/Employee

340.3k

Debt/Equity

-0.5 x

Debt/Assets

0.6 x

Financial Leverage

-1 x
Show all financial metrics

Aspen Technology Operating Metrics

Aspen Technology's Enterprise Customers was reported to be 2.3 k in Q3, 2020.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Enterprise Customers

2.1 k2.1 k2.1 k2.1 k2.2 k2.2 k2.2 k2.2 k2.3 k2.3 k2.3 k2.3 k

Annual Spend

$459.6 m$460.9 m$469 m$479.9 m$489.3 m$498.4 m$513.1 m$526.4 m$541 m$548.1 m$564.4 m$575.2 m

Bookings

$96.1 m$154.8 m$159.9 m$651.8 m$135 m$112.3 m$126.7 m

Total Contract Value

$2.6 b
Show all operating metrics

Aspen Technology Acquisitions / Subsidiaries

Company NameDateDeal Size
mnuboJuly 15, 2019c$102 m
Apex OptimisationFebruary 05, 2018
RtTech Software - Cipher IoTDecember 05, 2017
MtellOctober 27, 2016$37 m
The Fidelis GroupJune 06, 2016
HyprotechMarch 10, 2002$99 m
PetrolsoftJanuary 01, 2000
Apex Optimisation Inc.
Apex Optimisation Ltd.
Apex Optimisation SRO
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Aspen Technology Revenue Breakdown

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Aspen Technology revenue breakdown by business segment: 95.2% from Subscription and Software and 4.8% from Other

Aspen Technology revenue breakdown by geographic segment: 36.8% from United States, 26.0% from Europe and 37.3% from Other

Aspen Technology Online and Social Media Presence

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Aspen Technology Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    F

    50/100

  • Compensation

    B

    73/100

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Aspen Technology News and Updates

(AZPN): Johnson Fistel Investigates Proposed Sale of Aspen Technology Inc; Are Shareholders Getting a Fair Deal?

SAN DIEGO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Aspen Technology, Inc. (NASDAQ: AZPN) ("AspenTech" or the "Company") breached their fiduciary duties in connection with the proposed sale of …

Emerson Reaches $11 Billion Software Deal With Aspen Technology

Emerson Reaches $11 Billion Software Deal With Aspen Technology

Emerson Electric Is in Talks About Deal With Aspen Technology

Emerson Electric Is in Talks About Deal With Aspen Technology

AspenTech is a sponsor of the 2021 NextGen Chemical & Petrochemical Summit

AspenTech is a proud sponsor of the 2021 NextGen Chemical & Petrochemical Summit presented by Indian Chemical News.Join us to hear AspenTech experts, Abhinav Chowdhary and Sunil Patil present on the power of #digitalization and visit our virtual booth to speak with our experts.

Evolution Mining Deploys Aspen Technology Software to Mitigate Unplanned Downtime

Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that a leading Australian gold miner, Evolution Mining has deployed Aspen Mtell software at the company’s Mungari Gold Operations, Western Australia, to help mitigate unplanned downtime and provide …

Global Refining Industry Automation & Software Market, 2019 to 2024 - Key Players are Honeywell Process Solutions, ABB, Siemens, Emerson Process Management, Aspen Technology, and Schneider Electric

DUBLIN, July 22, 2019 /PRNewswire/ -- The "Refining Industry Automation and Software Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The refining industry automation and software market is expected to register a CAGR of over ...
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Aspen Technology Frequently Asked Questions

  • When was Aspen Technology founded?

    Aspen Technology was founded in 1981.

  • Who are Aspen Technology key executives?

    Aspen Technology's key executives are Antonio Pietri, Willie K. Chan and John Hague.

  • How many employees does Aspen Technology have?

    Aspen Technology has 1,710 employees.

  • What is Aspen Technology revenue?

    Latest Aspen Technology annual revenue is $598.3 m.

  • What is Aspen Technology revenue per employee?

    Latest Aspen Technology revenue per employee is $349.9 k.

  • Who are Aspen Technology competitors?

    Competitors of Aspen Technology include Comarch EDI, SPS Commerce and ATS Global.

  • Where is Aspen Technology headquarters?

    Aspen Technology headquarters is located at 20 Crosby Dr, Bedford.

  • Where are Aspen Technology offices?

    Aspen Technology has offices in Bedford, Houston, , Melbourne and in 28 other locations.

  • How many offices does Aspen Technology have?

    Aspen Technology has 35 offices.