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Aspen’s profit beats forecasts, reverses loss

August 25, 2011

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Quarterly profit at Aspen Technology Inc., which makes manufacturing process optimization software, beat analyst expectations. The Burlington company earned $41.7 million, or 43 cents per share, in the April-June quarter, compared with a loss a year earlier. Revenue climbed 38 percent to $52.6 million, higher than analysts were expecting. For the full fiscal year, Aspen earned $10.3 million, or 11 cents per share, compared with a loss in the previous year.