- AspenTech's Q2FY21 report was released Wednesday, and it was huge ($0.84/share) beat on the bottom line.
- As a result of its strong performance and strong demand going forward, AZPN raised its previous FY21 EPS guidance by 7.5% to $5.43/share.
- Meantime, AZPN recently made two key acquisitions which will enable it to maintain and grow its niche technology leadership position in process automation and asset optimization solutions.
- AspenTech is uncommonly cheap, given its growth: the forward P/E based on the midpoint of EPS guidance is 25x based on the stock's current $133/share price.
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AspenTech Is Cheap Based On Big Q2 EPS Beat, Raised FY21 Guidance, And 2 Key Acquisitions