04:33 PM EST, 11/04/2024 (MT Newswires) -- Aspen Technology ( AZPN ) reported fiscal Q1 non-GAAP earnings late Monday of $0.85 per diluted share, down from $1.16 a year earlier.

Analysts polled by Capital IQ expected $1.53.

Revenue for the quarter ended Sept. 30 was $215.9 million, compared with $249.3 million a year earlier.

Analysts polled by Capital IQ expected $263.2 million.

For its fiscal 2025, the industrial software company reiterated its forecast expecting non-GAAP EPS of $7.52 on total revenue of $1.19 billion. Analysts polled by Capital IQ are expecting $7.47 and $1.19 billion, respectively.

Shares of the company fell 3.6% in recent after-hours activity.

Price: 229.00, Change: -8.59, Percent Change: -3.62