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Stock impact report

Aspen Technology Building Up Portfolio [Seeking Alpha]

Aspen Technology, Inc. (AZPN) 
Last aspen technology, inc. earnings: 1/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.aspentech.com/node/5806
Company Research Source: Seeking Alpha
Summary According to a MarketsandMarkets report, the global Enterprise Asset Management (EAM) software market is expected to grow 12% annually over the next few years to become a $6.05 billion industry by 2022 from $3.44 billion in 2017. A leading player in the EAM market is Aspen Technology (NASDAQ: AZPN ), which recently hit an all-time high. Aspen Technology's Financials Aspen Technology was founded in 1981 after MIT's chemical engineering group received a US Department of Energy grant to study technological innovation in the process industries . The company used that funding to develop its first product called Aspen Plus to develop modeling for chemical processes. Soon the company expanded into other software products within the chemical industry to help customers with planning, scheduling, and other asset management capabilities. Its products like aspenONE were developed for companies in the energy, chemicals, pharmaceuticals, and engineering and construction ind Show less Read more
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