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Aspen Technology Announces CFO Transition
Fusco added, “I believe the Company’s customer facing operations are executing at a high level, as evidenced by the solid license bookings performance in the most recent quarter and first six months of fiscal 2009. I am confident in the company’s ability to continue executing at a high level, and believe that today’s announcement will not impact our targets for bringing the company’s financial reporting current.”
About AspenTech
AspenTech is a leading global supplier of software that optimizes process manufacturing – including oil and gas, petroleum, chemicals, pharmaceuticals and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.
© 2009
Forward Looking Statements This press release may contain
forward-looking statements for purposes of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Actual results may
vary significantly from AspenTech’s expectations based on a number of
risks and uncertainties, including, without limitation: fluctuations in
AspenTech’s quarterly revenues, operating results and cash flow;
difficulty in predicting quarterly revenue levels and operating results
due to AspenTech’s lengthy sales cycle; economic downturn in the highly
cyclical oil and gas, chemicals, petrochemicals and petroleum industries
from which AspenTech derives a majority of its total revenues;
substantial damages and expenses AspenTech might incur as the result of
securities and derivative litigation and government investigations based
on AspenTech’s restatement of its consolidated financial statements due
to AspenTech’s prior software accounting practices; a determination that
AspenTech has failed to comply with its existing consent decree with the
AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. AspenTech expressly disclaims any current intention to update forward-looking statements after the date of this press release.
Source:
Media Contact
AspenTech
David Grip, +1 781-221-5273
david.grip@aspentech.com
or
Investor
Contact
ICR
Kori Doherty, +1 617-956-6730
kdoherty@icrinc.com