CAMBRIDGE, MA Aspen Technology, Inc. (Nasdaq: AZPN), the leading supplier of manufacturing enterprise optimization solutions for the process industries, today announced results for its first quarter ended September 30, 1999. Total revenues for the first quarter of fiscal 2000 increased 13.4% to $53.0 million, from the same period in fiscal 1999. For the three months ended September 30, 1999, software license revenue increased 34.2% to $21.5 million, as compared with the first quarter of fiscal 1999, while services revenue rose to $31.5 million. Net loss for the first quarter totaled $2.7 million or $0.11 per share, as compared with a net
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for price breaks on license fees and/or maintenance. Aspen MIMI should still be a strong contender for companies in chemicals, petroleum, pharmaceuticals, or semiconductor seeking to augment an existing DCS (Distributed Control System) or SCADA (Supervisory Control and Data Acquisition) system with SCM, but who have not yet implemented ERP. For companies in complex manufacturing industries (high tech, semiconductor), MIMI may be a reasonable fit if complex business processes require custom modeling.