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.
EquiPress.com is a non-advertisement based network (currently in limited release) designed for investors to discover and communicate with publicly traded companies in real-time.
Sign-up for free now to experience the full benefits of EquiPress pre-launch.
Discover and communicate with companies you would otherwise never have seen based on your interests, company news, personalized news feeds, and one-on-one communications with no middle-men nor advertisements. Read our no advertisements pledge.
Can’t find your company on EquiPress? Send us an email to email@example.com and we will contact them for you.
Interested in a one month free trial? Get access to our private investor network, real-time news distribution, automatic disclaimers, corporate analytics, verified public profile, and industry-wide marketing of your corporate news.
Disclosure: EquiPress is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. EquiPress does not hold any equity or financial interest in any publicly traded company. EquiPress provides a uniform subscription based service to all publicly traded companies on a monthly basis at a rate of $495 to provide investor awareness. EquiPress receives only cash compensation from clients. Despite the relationship, EquiPress maintains a neutral stance (nonbiased) on any investment related opinions and exists solely for the purpose of allowing investors to communicate with the publicly traded companies in an effort to establish for themselves investment considerations. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor. Please visit www.equipress.com for complete risks and disclosures.