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Aspen CFO Sullivan retiring

Apr. 28, 2015 9:22 PM ETAspen Technology, Inc. (AZPN) StockBy: Eric Jhonsa, SA News Editor
  • Along with its FQ3 results, Aspen Technology (NASDAQ:AZPN) has announced Mark P. Sullivan is retiring, effective Sep. 30. Sullivan, Aspen's CFO since 2010, will "continue with the company through his retirement date to ensure a smooth transition process."
  • Shares finished AH trading down 0.6% following the announcement and Aspen's FQ3 beat. The process-optimization software vendor saw a 14.1% Y/Y increase in its total contract value balance to $2.41B. The license portion of the balance rose 13.2% to $2.03B. EPS received a lift from $107.7M worth of buybacks (used to repurchase nearly 3M shares).
  • FQ3 results, PR

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