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Aspen Technology Inc - Stock Quote AZPN

Rating as of

Morningstar's Aspen Technology Inc Stock Analysis

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

High Switching Costs in Capital-Intensive Processing Facilities Drive Wide Moat for Aspen Technology

Dan Romanoff, CPA Senior Equity Analyst

Business Strategy and Outlook

| Dan Romanoff, CPA |

We believe Aspen Technology is a leader in the process automation software niche. We think the firm has ample room to grow over the next decade within its existing customer base, which tends to be particularly sticky, as evidenced by our wide moat rating.

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Key Statistics - AZPN

Aspen Technology Inc's Company Profile

Business Description

Aspen Technology is a leading global supplier of software solutions that optimize asset design, operations, and maintenance in complex industrial environments. The company’s AspenOne software platform helps improve process-oriented plant efficiency, and thereby lower capital intensity, increase working capital efficiency, and improve margins. Aspen was founded in 1981 and serves more than 2,300 customers in 32 countries.

Contact
20 Crosby Drive
Bedford, MA, 01730
T +1 781 221-6400
Industry Software - Application
Most Recent Earnings Mar 31, 2022
Fiscal Year End Jun 30, 2021
Stock Type Classic Growth
Employees 1,897