Annuncio • Feb 20
Elliott Investment Management L.P. Issues the Statement to Aspen Technology, Inc On February 19, 2025, Elliott Investment Management L.P. announced that it has issued the statement regarding the tender offer by Emerson Electric Co. for all Aspen Technology, Inc shares it does not currently own. Elliott Investment Management L.P. stated that Emerson's proposal to acquire the Company is clearly the result of a conflicted and deeply flawed process, bearing all the hallmarks of an opportunistic minority squeeze-out. Furthermore, Emerson's public statements and actions leading up to the commencement of the Tender Offer underscore its coercive intent toward minority stockholders. This transaction is unfair to minority stockholders, and we intend to pursue all appropriate remedies against Emerson. Annuncio • Jan 15
Aspen Technology, Inc. to Report Q2, 2025 Results on Feb 04, 2025 Aspen Technology, Inc. announced that they will report Q2, 2025 results After-Market on Feb 04, 2025 Annuncio • Nov 07
Emerson Electric Co. (NYSE:EMR) submitted a proposal to acquire the remaining 42.59% shares in Aspen Technology, Inc. (NasdaqGS:AZPN) for $6.6 billion. Emerson Electric Co. (NYSE:EMR) submitted a proposal to acquire the remaining 42.59% shares in Aspen Technology, Inc. (NasdaqGS:AZPN) for $6.6 billion on November 5, 2024. Emerson submitted a proposal to the board of directors of Aspen to acquire all outstanding shares of common stock of AspenTech not already owned by the Company for $240 per share in cash. The proposal implies a fully diluted market capitalization for AspenTech of $15.3 billion and an Enterprise Value of $15.1 billion. The proposed transaction follows Emerson’s 55% majority investment in AspenTech, which was completed in 2022. Emerson currently owns approximately 57% of AspenTech’s outstanding shares of common stock. Upon completion of the transaction, AspenTech would become a wholly owned subsidiary of Emerson. The proposal is not subject to any financing condition and would be financed from cash on hand, committed lines of credit and/or other available sources of financing. Emerson expects the impact of this proposed transaction with synergies to be neutral to Adjusted EPS in fiscal 2025. Goldman Sachs & Co. LLC and Centerview Partners LLC are serving as financial advisors to Emerson, and Phillip R. Mills, Cheryl Chan, Travis Triano, Michael Mollerus, Corey M. Goodman, Frank J. Azzopardi, Ronan P. Harty and John B. Meade of Davis Polk & Wardwell LLP is serving as legal advisors. Annuncio • Oct 25
Aspen Technology, Inc., Annual General Meeting, Dec 17, 2024 Aspen Technology, Inc., Annual General Meeting, Dec 17, 2024. Annuncio • Oct 15
Aspen Technology, Inc. to Report Q1, 2025 Results on Nov 04, 2024 Aspen Technology, Inc. announced that they will report Q1, 2025 results After-Market on Nov 04, 2024 Annuncio • Oct 08
Aspen Technology Launches Microgrid Management System to Help Customers Address Power Reliability and Meet Net-Zero Goals Aspen Technology, Inc. introduced the AspenTech Microgrid Management System (MMS), a solution for customers with heavy electrical power requirements in refining, chemicals, mining and other asset-intensive industries that manage their own on-site conventional and renewable power generation in orchestration with active load management and energy storage. Based on the company's proven AspenTech OSI Monarch SCADA platform, the solution empowers customers to maximize operational performance and accelerate net-zero goals. The capabilities delivered by AspenTech MMS are critical to high-energy consumers as the power grid is at a critical juncture with increasing energy demand, aging and at-capacity grid infrastructure, more severe weather events and increasing cybersecurity threats challenging its reliability and stability. As a result, industrial and commercial energy consumers are increasingly at risk for extended power outages, limitations in power consumption, and inability to meet renewable energy goals, all of which have cascading production and business impact, including delayed restarts, environmental penalties, reduced supply and increased end user costs. A part of AspenTech's Digital Grid Management suite, AspenTech MMS helps industrial customers address these challenges by providing enhanced power reliability with active, real-time management of power generation resources, including renewable energy and storage, improved situational awareness to maximize return on investment and enhanced cybersecurity to protect all critical loads. The solution also features a robust Industrial AI approach capable of forecasting power consumption and renewable generation up to 35 days in the future, enabling scheduling and optimization algorithms to maximize the use of generation resources while minimizing emissions and electricity costs. Additional standard AspenTech MMS features now available include: Real-time control, trending, alarming and reporting to ensure system reliability and incident response; Ability to optimize renewables together with traditional electricity generation and battery storage in balance with active load management; Forecasting and scheduling capabilities to enable peak shaving and optimized battery charging/discharging; Robust user interface with responsive data historian and reporting capabilities. Annuncio • Aug 07
Aspen Technology, Inc. (NasdaqGS:AZPN) announces an Equity Buyback for $100 million worth of its shares. Aspen Technology, Inc. (NasdaqGS:AZPN) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its shares. The program will be valid till fiscal year 2025. Annuncio • Jul 17
Aspen Technology, Inc. to Report Q4, 2024 Results on Aug 06, 2024 Aspen Technology, Inc. announced that they will report Q4, 2024 results After-Market on Aug 06, 2024 Annuncio • May 16
Aspen Technology, Inc. Announces Board Changes Aspen Technology, Inc. announced that Robert Whelan, Jr. has been appointed to Chair of AspenTech’s Board of Directors (the “Board”). This follows the decision by Jill Smith to resign from the Board for personal reasons. Mr. Whelan became a member of the Board in 2011 and previously served as Board Chair from 2013 to 2021. Throughout his tenure on the Board, Mr. Whelan has helped guide the company into an established industrial software leader, including the strategic transaction with Emerson Electric Co. Mr. Whelan also serves as a member of the Board’s Human Capital and M&A committees. Mr. Whelan is a Non-Emerson Director under the Stockholders Agreement by and among AspenTech, Emerson Electric Co. and EMR Worldwide Inc., dated as of May 16, 2022 (the “Stockholders Agreement”), previously filed with the Securities and Exchange Commission. Additionally, under the Stockholders Agreement, David Henshall, who served as a Non-Emerson Director following his appointment in April 2024, was re-designated as an Emerson Director on May 11, 2024. The Board intends to conduct a search over the coming months for a Non-Emerson Designee director under the Stockholders Agreement. Annuncio • Apr 30
Aspen Technology, Inc. Appoints David Henshall to Its Board of Directors Aspen Technology, Inc. announced that David Henshall has been appointed to its Board of Directors. Mr. Henshall most recently served as Chief Executive Officer at Citrix Systems, Inc., where he held executive roles for nearly twenty years. Mr. Henshall played a key role in accelerating Citrix’s cloud transition, modernizing the product portfolio to enable more than 11 million subscribers of the company’s SaaS services. Prior to his role as CEO, he served as Chief Operating Officer and Chief Financial Officer at Citrix, overseeing the company’s worldwide finance, operations, and administration organizations. Before joining Citrix, Mr. Henshall served as Chief Financial Officer of Rational Software Corporation, a software company acquired by IBM Corporation, and held various finance positions at Cypress Semiconductor Corporation and Samsung Semiconductor Corporation. An experienced public company board director, Mr. Henshall also actively serves as the Chairman of the board of directors of Everbridge, Inc., is a member of the board of directors HashiCorp, Inc. and Feedzai, Inc, and is a former member of the boards of directors of New Relic, Inc. and LogMeIn, Inc. He holds a bachelor’s degree in business administration from the University of Arizona and a master’s degree in business administration from Santa Clara University. Annuncio • Apr 27
Aspen Technology, Inc. Introduces New Strategic Planning for Sustainability Pathways Solution Aspen Technology, Inc. introduced AspenTech Strategic Planning for Sustainability Pathways™? - a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments. The AspenTech Strategic Planning solution was developed through a licensing agreement with Aramco, one of the world's leading integrated energy and chemicals companies. Based on this successful effort, AspenTech also announced that it is launching an expanded co-innovation program to bring together leading owner operators and EPC companies to collaboratively innovate a wider strategic planning solution portfolio to attempt to optimize across multiple sustainability pathways. As companies make significant investments in technologies to mitigate greenhouse gas emissions, AspenTech's Strategic Planning solution aims for these large capital investments to drive value and impact sustainability goals. They are also expected to support long-term operational performance objectives. Annuncio • Apr 17
Aspen Technology, Inc. to Report Q3, 2024 Results on May 07, 2024 Aspen Technology, Inc. announced that they will report Q3, 2024 results After-Market on May 07, 2024 Board Change • Apr 01
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Feb 07
AspenTech's Provides Earnings Guidance for the Year Ending June 30, 2024 AspenTech's provided earnings guidance for the year ending June 30, 2024. The company expects total revenue of at least $1.12 billion. GAAP operating loss at or better than $100 million. GAAP net loss at or better than $7 million. GAAP net loss per share at or better than $0.11. Annuncio • Jan 17
Aspen Technology, Inc. to Report Q2, 2024 Results on Feb 06, 2024 Aspen Technology, Inc. announced that they will report Q2, 2024 results After-Market on Feb 06, 2024 Board Change • Dec 22
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Nov 15
Aspen Technology, Inc. Introduces New Software Updates Enabling Customers to Achieve Advanced Levels of Operational Excellence Aspen Technology, Inc. introduced new performance and sustainability capabilities available in aspenONE®?, the company's portfolio of asset optimization solutions, spanning design, operations and maintenance. Designed to accelerate customer digitalization strategies and help customers achieve advanced levels of operational excellence, the new capabilities progress net zero initiatives, empower engineers with enhanced AI, improve asset health and performance, enable customers to achieve an integrated enterprise data management system and more. New aspenONE updates help customers more quickly develop and implement reliable, impactful sustainability solutions. Updates also enable customers to extract insights based on operational data from across the enterprise, resulting in reduced inefficiencies and improved operational performance. Key among the new updates are an expanded set of models incorporating AI, as well as a number of integrations providing comprehensive access to operational technology (OT) data. As customers progress toward their net zero goals, the ability to ensure accuracy in their sustainability solutions and tackle complex problems is critical. AspenTech's modeling capabilities address both these challenges with new and expanded updates, including: AspenTech's library of sustainability sample models now contains more than 140 options to drive faster time-to-market for new processes and technologies. Incorporating industrial AI, the models help overcome execution barriers for sustainability projects, improve economics and support investments. New high-fidelity models increase hydrogen and carbon capture model accuracy, extend from design into operations, and recalibrate based on changing process conditions. Support for green hydrogen initiatives is now available with out-of-the-box electrolyzer models that help ensure safe operations of key equipment. Integrated Enterprise Data Management: A holistic data management strategy is the foundation of ensuring a successful digital transformation journey. Customers need flexibility and scalability to access and analyze huge amounts of data being generated throughout their organizations. To further help achieve this, aspenONE now includes new integrations to help customers centrally manage enterprise OT data aggregation, including: AspenTech Inmation™?, the company's centralized data management system now seamlessly connects to its historical, Aspen InfoPlus.21®?, and its data visualization solution, aspenONE Process Explorer™? (A1PE), to more easily identify inefficiencies, bottlenecks and production challenges from across the organization. AspenTech's asset performance management solution, Aspen Mtell®?, now includes out-of-the- box integration with AspenTech Operational Insights™? that provides configurable dashboards to inform strategy, optimize resource allocation and improve performance. In addition, AspenTech Inmation®? provides native connectivity for quick integration with multiple, high volume data sources to enhance asset performance management and drive customers' reliability programs. Annuncio • Nov 07
Aspen Technology, Inc. Provides Earnings Guidance for the Fiscal Year Ending June 30, 2024 Aspen Technology, Inc. provided earnings guidance for the fiscal year ending June 30, 2024. For the year, the company expected total revenue of at least $1.12 billion; GAAP operating loss at or better than $100 million; GAAP net loss at or better than $7 million; GAAP net loss per share at or better than $0.11. Annuncio • Oct 25
Aspen Technology, Inc., Annual General Meeting, Dec 14, 2023 Aspen Technology, Inc., Annual General Meeting, Dec 14, 2023, at 09:00 US Eastern Standard Time. Agenda: To elect the nominees of the Board, Patrick M. Antkowiak, Thomas F. Bogan, Karen M. Golz, Ram R. Krishnan, Antonio J. Pietri, Arlen R. Shenkman, Jill D. Smith and Robert M. Whelan, Jr., to the Board of Directors to hold office until the 2024 annual meeting of stockholders; to ratify the appointment of KPMG LLP as independent registered public accounting firm for fiscal year 2024; and to approve, on an advisory basis, the compensation of our named executive officers. Annuncio • Oct 20
Aspen Technology, Inc. Announces Chief Financial Officer Changes Aspen Technology, Inc. announced that Chantelle Breithaupt has informed the Company that she will step down as Chief Financial Officer for another opportunity. Ms. Breithaupt will continue in her role through December 31, 2023. Christopher Stagno, who currently serves as SVP, Chief Accounting Officer, will assume the role of Interim CFO, effective January 1, 2024, should a permanent CFO not have been named. Mr. Stagno is an experienced financial executive with deep knowledge of AspenTech’s business and over 25 years of leadership in finance, including at various software companies. Prior to joining AspenTech in 2020, he served as Treasurer at Cognex Corporation, a provider of machine vision products, software and sensors used in automated manufacturing. Before that, he served in various finance roles, including the Interim CFO role at Brightcove Inc., a provider of cloud-based services for video, and Unica, an enterprise marketing software company. Annuncio • Oct 17
Aspen Technology, Inc. to Report Q1, 2024 Results on Nov 06, 2023 Aspen Technology, Inc. announced that they will report Q1, 2024 results After-Market on Nov 06, 2023 Board Change • Sep 22
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Sep 08
Aspen Technology, Inc. Announces Resignation of Robert E. Beauchamp as Member of Board of Director On September 1, 2023, Aspen Technology, Inc. received a notification from Robert E. Beauchamp of his resignation from his positions as a member of the Company’s Board of Directors (the “Board”) and a member of the Nominating and Corporate Governance Committee of the Board, effective September 2, 2023. Mr. Beauchamp stated that his resignation is for personal reasons and not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Reported Earnings • Aug 02
Full year 2023 earnings released: US$1.67 loss per share (vs US$1.73 profit in FY 2022) Full year 2023 results: US$1.67 loss per share (down from US$1.73 profit in FY 2022). Revenue: US$1.04b (up 93% from FY 2022). Net loss: US$107.8m (down 252% from profit in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Software industry. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Jul 28
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Jul 12
Aspen Technology, Inc. to Report Q4, 2023 Results on Aug 01, 2023 Aspen Technology, Inc. announced that they will report Q4, 2023 results After-Market on Aug 01, 2023 Board Change • Jul 11
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jun 24
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 12
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • May 06
Aspen Technology, Inc. (NasdaqGS:AZPN) announces an Equity Buyback for $100 million worth of its shares. Aspen Technology, Inc. (NasdaqGS:AZPN) announces a share repurchase program. Under the program, the company entered into an accelerated share repurchase agreement (“ASR”) with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase up to $100 million worth of its shares. The final settlement of the ASR is expected to be completed in the first quarter of fiscal year 2024. Reported Earnings • Apr 29
Third quarter 2023 earnings released: US$0.89 loss per share (vs US$0.09 loss in 3Q 2022) Third quarter 2023 results: US$0.89 loss per share (further deteriorated from US$0.09 loss in 3Q 2022). Revenue: US$229.9m (up 172% from 3Q 2022). Net loss: US$57.6m (loss widened US$54.4m from 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Software industry. Board Change • Apr 13
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Feb 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Jan 30
Second quarter 2023 earnings released: US$1.02 loss per share (vs US$0.021 loss in 2Q 2022) Second quarter 2023 results: US$1.02 loss per share (further deteriorated from US$0.021 loss in 2Q 2022). Revenue: US$242.8m (up 197% from 2Q 2022). Net loss: US$66.2m (loss widened US$65.4m from 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Global Software industry. Board Change • Jan 30
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Jan 27
Aspen Technology, Inc. Provides Earnings Guidance for the Fiscal Year 2023 Aspen Technology, Inc. provided earnings guidance for the fiscal year 2023. For the period, the company expects Total revenue of $1.14 to $1.20 billion, GAAP operating loss of $67 million to $15 million, GAAP net loss of $7.5 million to net income of $32.5 million and GAAP net loss per share of $0.11 to income per share of $0.49. Annuncio • Jan 12
Aspen Technology, Inc. to Report Q2, 2023 Results on Jan 25, 2023 Aspen Technology, Inc. announced that they will report Q2, 2023 results on Jan 25, 2023 Board Change • Dec 01
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Karen Golz is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 19
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Bob Beauchamp was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 04
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Bob Beauchamp was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • May 29
Second quarter 2022 earnings released: EPS: US$1.13 (vs US$0.92 in 2Q 2021) Second quarter 2022 results: EPS: US$1.13 (up from US$0.92 in 2Q 2021). Revenue: US$187.8m (up 15% from 2Q 2021). Net income: US$75.1m (up 20% from 2Q 2021). Profit margin: 40% (up from 38% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 233%, compared to a 30% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 17% share price gain to Mex$3,779, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 26x in the Software industry globally. Total returns to shareholders of 70% over the past three years.