Atlanta, GA – Scibility Media – 10/30/2014.
This article discusses two software companies: SolarWinds Inc(NYSE:SWI) and Aspen Technology, Inc.(NASDAQ:AZPN)
SolarWinds Inc(NYSE:SWI) announced its third quarter financial results after the markets closed on Oct. 28th, 2014. The figures included a 28% year-over-year growth in revenue and a GAAP operating income of $31.7 million. Additionally, SolarWinds also reported a net cash from operating activities of $54.3 million, a $12.3 million create from the same period during the previous fiscal year.
The company saw its trading price reach a new 52 week high of $49.11 on Oct. 29th, 2014. The Texas-based company maintained its momentum on that date by announcing it would be participating in Dell World 2014 in its home city between the dates of Nov. 4th and 6th.
Aspen Technology, Inc.(NASDAQ:AZPN), to contrast, saw its value drop to a 52 week low of $31.57 on Oct. 29th, 2014. The loss came in response to its first quarter fiscal 2015 financial results report, which was also released on Oct. 28th, 2014. The figures included a total contract value of $2.23 billion, a 12.5% increase from the same period during the previous fiscal year. However, the boost only represents a 1.7% sequential increase for Aspen Technology, Inc.
The Massachusetts-based company was subsequently downgraded by Canaccord Genuity from Buy to Hold. Aspen Technology provides process optimization software solutions for operational performance and supply chain planning in the United States and overseas.
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