|
|
|
|
|
|
Delaware
|
|
04-2739697
|
(State or other jurisdiction of incorporation or
organization)
|
|
(I.R.S. Employer Identification No.)
|
20 Crosby Drive
|
|
|
Bedford, Massachusetts
|
|
01730
|
(Address of principal executive offices)
|
|
(Zip Code)
|
|
|
Large accelerated filer
|
ý
|
|
Accelerated filer
o
|
|
Non-accelerated filer
o
(Do not check if a smaller reporting company)
|
|
Smaller reporting company
o
|
|
|
|
|
|
|
|
Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Six Months Ended
December 31, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Dollars in Thousands, Except per Share Data)
|
||||||||||||||
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Subscription and software
|
$
|
112,916
|
|
|
$
|
110,126
|
|
|
$
|
226,360
|
|
|
$
|
221,985
|
|
Services and other
|
7,017
|
|
|
9,025
|
|
|
13,623
|
|
|
17,462
|
|
||||
Total revenue
|
119,933
|
|
|
119,151
|
|
|
239,983
|
|
|
239,447
|
|
||||
Cost of revenue:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Subscription and software
|
5,176
|
|
|
4,967
|
|
|
10,245
|
|
|
10,209
|
|
||||
Services and other
|
6,403
|
|
|
6,921
|
|
|
12,839
|
|
|
14,651
|
|
||||
Total cost of revenue
|
11,579
|
|
|
11,888
|
|
|
23,084
|
|
|
24,860
|
|
||||
Gross profit
|
108,354
|
|
|
107,263
|
|
|
216,899
|
|
|
214,587
|
|
||||
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Selling and marketing
|
21,829
|
|
|
21,178
|
|
|
43,854
|
|
|
43,614
|
|
||||
Research and development
|
18,597
|
|
|
15,981
|
|
|
37,229
|
|
|
32,578
|
|
||||
General and administrative
|
11,863
|
|
|
13,805
|
|
|
25,020
|
|
|
26,667
|
|
||||
Total operating expenses, net
|
52,289
|
|
|
50,964
|
|
|
106,103
|
|
|
102,859
|
|
||||
Income from operations
|
56,065
|
|
|
56,299
|
|
|
110,796
|
|
|
111,728
|
|
||||
Interest income
|
216
|
|
|
71
|
|
|
488
|
|
|
153
|
|
||||
Interest expense
|
(892
|
)
|
|
(13
|
)
|
|
(1,762
|
)
|
|
(14
|
)
|
||||
Other income (expense), net
|
697
|
|
|
(157
|
)
|
|
1,344
|
|
|
739
|
|
||||
Income before provision for income taxes
|
56,086
|
|
|
56,200
|
|
|
110,866
|
|
|
112,606
|
|
||||
Provision for income taxes
|
19,076
|
|
|
19,517
|
|
|
38,855
|
|
|
39,152
|
|
||||
Net income
|
$
|
37,010
|
|
|
$
|
36,683
|
|
|
$
|
72,011
|
|
|
$
|
73,454
|
|
Net income per common share:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic
|
$
|
0.48
|
|
|
$
|
0.44
|
|
|
$
|
0.92
|
|
|
$
|
0.88
|
|
Diluted
|
$
|
0.48
|
|
|
$
|
0.44
|
|
|
$
|
0.92
|
|
|
$
|
0.87
|
|
Weighted average shares outstanding:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic
|
76,905
|
|
|
83,315
|
|
|
77,977
|
|
|
83,596
|
|
||||
Diluted
|
77,318
|
|
|
83,703
|
|
|
78,356
|
|
|
84,035
|
|
|
Three Months Ended
December 31, |
|
Six Months Ended
December 31, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Dollars in Thousands)
|
||||||||||||||
Net income
|
$
|
37,010
|
|
|
$
|
36,683
|
|
|
$
|
72,011
|
|
|
$
|
73,454
|
|
Other comprehensive loss:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net unrealized gains (losses) on available for sale securities, net of tax effects of ($5) and $10 for the three and six months ended December 31, 2016, and $8 and ($4) for the three and six months ended December 31, 2015
|
10
|
|
|
(15
|
)
|
|
(17
|
)
|
|
8
|
|
||||
Foreign currency translation adjustments
|
(1,717
|
)
|
|
(428
|
)
|
|
(2,620
|
)
|
|
(2,161
|
)
|
||||
Total other comprehensive loss
|
(1,707
|
)
|
|
(443
|
)
|
|
(2,637
|
)
|
|
(2,153
|
)
|
||||
Comprehensive income
|
$
|
35,303
|
|
|
$
|
36,240
|
|
|
$
|
69,374
|
|
|
$
|
71,301
|
|
|
Six Months Ended
December 31, |
||||||
|
2016
|
|
2015
|
||||
|
(Dollars in Thousands)
|
||||||
Cash flows from operating activities:
|
|
|
|
|
|
||
Net income
|
$
|
72,011
|
|
|
$
|
73,454
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
||
Depreciation and amortization
|
3,300
|
|
|
3,020
|
|
||
Net foreign currency gains
|
(2,301
|
)
|
|
(1,444
|
)
|
||
Stock-based compensation
|
9,630
|
|
|
7,935
|
|
||
Deferred income taxes
|
182
|
|
|
(133
|
)
|
||
Provision for bad debts
|
56
|
|
|
176
|
|
||
Tax benefits from stock-based compensation
|
1,032
|
|
|
1,831
|
|
||
Excess tax benefits from stock-based compensation
|
(1,032
|
)
|
|
(1,831
|
)
|
||
Other non-cash operating activities
|
40
|
|
|
271
|
|
||
Changes in assets and liabilities, excluding initial effects of acquisitions:
|
|
|
|
|
|
||
Accounts receivable
|
2,494
|
|
|
15,720
|
|
||
Prepaid expenses, prepaid income taxes, and other assets
|
3,661
|
|
|
1,993
|
|
||
Accounts payable, accrued expenses, income taxes payable and other liabilities
|
5,084
|
|
|
(3,307
|
)
|
||
Deferred revenue
|
(40,740
|
)
|
|
(58,513
|
)
|
||
Net cash provided by operating activities
|
53,417
|
|
|
39,172
|
|
||
Cash flows from investing activities:
|
|
|
|
|
|
||
Purchases of marketable securities
|
(683,748
|
)
|
|
—
|
|
||
Maturities of marketable securities
|
613,379
|
|
|
32,049
|
|
||
Purchases of property, equipment and leasehold improvements
|
(1,374
|
)
|
|
(1,781
|
)
|
||
Payments for business acquisitions, net of cash acquired
|
(36,171
|
)
|
|
—
|
|
||
Payments for capitalized computer software costs
|
(100
|
)
|
|
—
|
|
||
Net cash (used in) provided by investing activities
|
(108,014
|
)
|
|
30,268
|
|
||
Cash flows from financing activities:
|
|
|
|
|
|
||
Exercises of stock options
|
4,843
|
|
|
2,445
|
|
||
Repurchases of common stock
|
(199,584
|
)
|
|
(56,790
|
)
|
||
Payments of tax withholding obligations related to restricted stock
|
(2,786
|
)
|
|
(2,188
|
)
|
||
Excess tax benefits from stock-based compensation
|
1,032
|
|
|
1,831
|
|
||
Net cash used in financing activities
|
(196,495
|
)
|
|
(54,702
|
)
|
||
Effect of exchange rate changes on cash and cash equivalents
|
(218
|
)
|
|
(364
|
)
|
||
(Decrease) increase in cash and cash equivalents
|
(251,310
|
)
|
|
14,374
|
|
||
Cash and cash equivalents, beginning of period
|
318,336
|
|
|
156,249
|
|
||
Cash and cash equivalents, end of period
|
$
|
67,026
|
|
|
$
|
170,623
|
|
Supplemental disclosure of cash flow information:
|
|
|
|
|
|
||
Income taxes paid, net
|
$
|
25,000
|
|
|
$
|
34,497
|
|
Interest paid
|
1,579
|
|
|
14
|
|
||
Supplemental disclosure of non-cash investing and financing activities:
|
|
|
|
||||
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses
|
$
|
506
|
|
|
$
|
(295
|
)
|
Change in common stock repurchases included in accrued expenses
|
416
|
|
|
(1,724
|
)
|
|
Fair Value
|
|
Cost
|
|
Unrealized
Gains
|
|
Unrealized
Losses
|
||||||||
|
(Dollars in Thousands)
|
||||||||||||||
December 31, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
||||
U.S. corporate bonds
|
$
|
72,939
|
|
|
$
|
72,965
|
|
|
$
|
—
|
|
|
$
|
(26
|
)
|
Total short-term marketable securities
|
$
|
72,939
|
|
|
$
|
72,965
|
|
|
$
|
—
|
|
|
$
|
(26
|
)
|
|
|
|
|
|
|
|
|
||||||||
June 30, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
||||
U.S. corporate bonds
|
$
|
3,006
|
|
|
$
|
3,006
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Total short-term marketable securities
|
$
|
3,006
|
|
|
$
|
3,006
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
Gross
|
|
Allowance
|
|
Net
|
||||||
|
(Dollars in Thousands)
|
||||||||||
December 31, 2016:
|
|
|
|
|
|
|
|
|
|||
Accounts receivable
|
$
|
19,256
|
|
|
$
|
1,329
|
|
|
$
|
17,927
|
|
|
$
|
19,256
|
|
|
$
|
1,329
|
|
|
$
|
17,927
|
|
|
|
|
|
|
|
||||||
June 30, 2016:
|
|
|
|
|
|
|
|
|
|||
Accounts receivable
|
$
|
22,080
|
|
|
$
|
1,604
|
|
|
$
|
20,476
|
|
|
$
|
22,080
|
|
|
$
|
1,604
|
|
|
$
|
20,476
|
|
|
December 31,
2016 |
|
June 30,
2016 |
||||
|
(Dollars in Thousands)
|
||||||
Property, equipment and leasehold improvements - at cost:
|
|
|
|
|
|
||
Computer equipment
|
$
|
9,668
|
|
|
$
|
10,387
|
|
Purchased software
|
23,725
|
|
|
23,705
|
|
||
Furniture & fixtures
|
6,862
|
|
|
6,712
|
|
||
Leasehold improvements
|
11,763
|
|
|
12,523
|
|
||
Accumulated depreciation
|
(37,026
|
)
|
|
(37,502
|
)
|
||
Property, equipment and leasehold improvements - net
|
$
|
14,992
|
|
|
$
|
15,825
|
|
|
Amount
|
||
|
(Dollars in Thousands)
|
||
Tangible assets acquired, net
|
$
|
779
|
|
Identifiable intangible assets:
|
|
||
Developed technology
|
11,385
|
|
|
Customer relationships
|
679
|
|
|
Non-compete agreements
|
553
|
|
|
|
|
||
Goodwill
|
28,160
|
|
|
Deferred tax liabilities, net
|
(4,371
|
)
|
|
Total assets acquired
|
$
|
37,185
|
|
|
Amount
|
||
|
(Dollars in Thousands)
|
||
Tangible assets acquired, net
|
$
|
65
|
|
Identifiable intangible assets:
|
|
||
Developed technology
|
1,272
|
|
|
Customer relationships
|
753
|
|
|
In-process research and development
|
3,097
|
|
|
|
|
||
Goodwill
|
6,706
|
|
|
Deferred tax liabilities, net
|
(1,893
|
)
|
|
Total assets acquired
|
$
|
10,000
|
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Net Carrying Amount
|
||||||
|
(Dollars in Thousands)
|
||||||||||
December 31, 2016:
|
|
|
|
|
|
||||||
Technology and patents
|
$
|
19,150
|
|
|
$
|
(2,660
|
)
|
|
$
|
16,490
|
|
In process research & development
|
3,200
|
|
|
—
|
|
|
3,200
|
|
|||
Customer relationships
|
1,432
|
|
|
(47
|
)
|
|
1,385
|
|
|||
Non-compete agreements
|
553
|
|
|
—
|
|
|
553
|
|
|||
Total
|
$
|
24,335
|
|
|
$
|
(2,707
|
)
|
|
$
|
21,628
|
|
June 30, 2016:
|
|
|
|
|
|
||||||
Technology and patents
|
$
|
3,696
|
|
|
$
|
(2,596
|
)
|
|
$
|
1,100
|
|
In process research & development
|
3,200
|
|
|
—
|
|
|
3,200
|
|
|||
Customer relationships
|
700
|
|
|
—
|
|
|
700
|
|
|||
Total
|
$
|
7,596
|
|
|
$
|
(2,596
|
)
|
|
$
|
5,000
|
|
|
Gross Carrying Amount
|
|
Accumulated impairment losses
|
|
Effect of currency translation
|
|
Net Carrying Amount
|
||||||||
|
(Dollars in Thousands)
|
||||||||||||||
|
|
|
|
|
|
|
|
||||||||
Goodwill, net, at June 30, 2016
|
$
|
89,007
|
|
|
$
|
(65,569
|
)
|
|
$
|
—
|
|
|
$
|
23,438
|
|
Goodwill from Mtell acquisition
|
28,160
|
|
|
—
|
|
|
—
|
|
|
28,160
|
|
||||
Goodwill from technology acquisition
|
2,000
|
|
|
—
|
|
|
—
|
|
|
2,000
|
|
||||
Subsequent Fidelis goodwill adjustment
|
(78
|
)
|
|
—
|
|
|
—
|
|
|
(78
|
)
|
||||
Foreign currency translation and other
|
—
|
|
|
—
|
|
|
(487
|
)
|
|
(487
|
)
|
||||
Goodwill, net, at December 31, 2016
|
$
|
119,089
|
|
|
$
|
(65,569
|
)
|
|
$
|
(487
|
)
|
|
$
|
53,033
|
|
|
December 31,
2016 |
|
June 30,
2016 |
||||
|
(Dollars in Thousands)
|
||||||
Royalties and outside commissions
|
$
|
2,894
|
|
|
$
|
2,640
|
|
Payroll and payroll-related
|
12,351
|
|
|
17,809
|
|
||
Other
|
17,783
|
|
|
15,656
|
|
||
Total accrued expenses and other current liabilities
|
$
|
33,028
|
|
|
$
|
36,105
|
|
|
December 31,
2016 |
|
June 30,
2016 |
||||
|
(Dollars in Thousands)
|
||||||
Deferred rent
|
$
|
6,627
|
|
|
$
|
6,361
|
|
Uncertain tax positions
|
20,704
|
|
|
23,535
|
|
||
Other
|
10,451
|
|
|
2,695
|
|
||
Total other non-current liabilities
|
$
|
37,782
|
|
|
$
|
32,591
|
|
|
Six Months Ended
December 31, |
||||
|
2016
|
|
2015
|
||
Risk-free interest rate
|
1.1
|
%
|
|
1.4
|
%
|
Expected dividend yield
|
0.0
|
%
|
|
0.0
|
%
|
Expected life (in years)
|
4.6
|
|
|
4.6
|
|
Expected volatility factor
|
31.4
|
%
|
|
34.1
|
%
|
|
Three Months Ended
December 31, |
|
Six Months Ended
December 31, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Dollars in Thousands)
|
||||||||||||||
Recorded as expenses:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Cost of services and other
|
$
|
374
|
|
|
$
|
350
|
|
|
$
|
743
|
|
|
$
|
707
|
|
Selling and marketing
|
1,010
|
|
|
837
|
|
|
1,965
|
|
|
1,750
|
|
||||
Research and development
|
1,495
|
|
|
848
|
|
|
2,558
|
|
|
1,672
|
|
||||
General and administrative
|
1,792
|
|
|
1,477
|
|
|
4,364
|
|
|
3,806
|
|
||||
Total stock-based compensation
|
$
|
4,671
|
|
|
$
|
3,512
|
|
|
$
|
9,630
|
|
|
$
|
7,935
|
|
|
Stock Options
|
|
Restricted Stock Units
|
||||||||||||||||
|
Shares
|
|
Weighted
Average
Exercise
Price
|
|
Weighted
Average
Remaining
Contractual
Term
|
|
Aggregate
Intrinsic Value
(in 000’s)
|
|
Shares
|
|
Weighted
Average
Grant Date
Fair Value
|
||||||||
Outstanding at June 30, 2016
|
1,314,142
|
|
|
$
|
32.47
|
|
|
7.23
|
|
$
|
12,340
|
|
|
493,332
|
|
|
$
|
41.06
|
|
Granted
|
456,872
|
|
|
45.48
|
|
|
|
|
|
|
|
509,156
|
|
|
45.93
|
|
|||
Settled (RSUs)
|
—
|
|
|
|
|
|
|
|
|
|
|
(163,970
|
)
|
|
41.72
|
|
|||
Exercised
|
(191,085
|
)
|
|
25.84
|
|
|
|
|
|
|
|
—
|
|
|
|
|
|||
Cancelled / Forfeited
|
(42,702
|
)
|
|
39.25
|
|
|
|
|
|
|
|
(35,987
|
)
|
|
42.28
|
|
|||
Outstanding at December 31, 2016
|
1,537,227
|
|
|
$
|
36.97
|
|
|
7.72
|
|
$
|
27,219
|
|
|
802,531
|
|
|
$
|
43.96
|
|
Vested and exercisable at December 31, 2016
|
806,266
|
|
|
$
|
30.97
|
|
|
6.54
|
|
$
|
19,113
|
|
|
—
|
|
|
|
|
|
Vested and expected to vest as of December 31, 2016
|
1,460,949
|
|
|
$
|
36.60
|
|
|
7.65
|
|
$
|
26,416
|
|
|
719,043
|
|
|
$
|
43.87
|
|
|
Three Months Ended
December 31, |
|
Six Months Ended
December 31, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Dollars and Shares in Thousands, Except per Share Data)
|
||||||||||||||
Net income
|
$
|
37,010
|
|
|
$
|
36,683
|
|
|
$
|
72,011
|
|
|
$
|
73,454
|
|
|
|
|
|
|
|
|
|
||||||||
Weighted average shares outstanding
|
76,905
|
|
|
83,315
|
|
|
77,977
|
|
|
83,596
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Dilutive impact from:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Share-based payment awards
|
413
|
|
|
388
|
|
|
379
|
|
|
439
|
|
||||
Dilutive weighted average shares outstanding
|
77,318
|
|
|
83,703
|
|
|
78,356
|
|
|
84,035
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Income per share
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic
|
$
|
0.48
|
|
|
$
|
0.44
|
|
|
$
|
0.92
|
|
|
$
|
0.88
|
|
Dilutive
|
$
|
0.48
|
|
|
$
|
0.44
|
|
|
$
|
0.92
|
|
|
$
|
0.87
|
|
|
Subscription
and software
|
|
Services
|
|
Total
|
||||||
|
(Dollars in Thousands)
|
||||||||||
Three Months Ended December 31, 2016
|
|
|
|
|
|
|
|
|
|||
Segment revenue
|
$
|
112,916
|
|
|
$
|
7,017
|
|
|
$
|
119,933
|
|
Segment expenses (1)
|
(45,602
|
)
|
|
(6,403
|
)
|
|
(52,005
|
)
|
|||
Segment profit
|
$
|
67,314
|
|
|
$
|
614
|
|
|
$
|
67,928
|
|
Three Months Ended December 31, 2015
|
|
|
|
|
|
|
|
|
|||
Segment revenue
|
$
|
110,126
|
|
|
$
|
9,025
|
|
|
$
|
119,151
|
|
Segment expenses (1)
|
(42,126
|
)
|
|
(6,921
|
)
|
|
(49,047
|
)
|
|||
Segment profit
|
$
|
68,000
|
|
|
$
|
2,104
|
|
|
$
|
70,104
|
|
|
|
|
|
|
|
||||||
Six Months Ended December 31, 2016
|
|
|
|
|
|
|
|
|
|||
Segment revenue
|
$
|
226,360
|
|
|
$
|
13,623
|
|
|
$
|
239,983
|
|
Segment expenses (1)
|
(91,328
|
)
|
|
(12,839
|
)
|
|
(104,167
|
)
|
|||
Segment profit
|
$
|
135,032
|
|
|
$
|
784
|
|
|
$
|
135,816
|
|
|
|
|
|
|
|
||||||
Six Months Ended December 31, 2015
|
|
|
|
|
|
|
|
|
|||
Segment revenue
|
$
|
221,985
|
|
|
$
|
17,462
|
|
|
$
|
239,447
|
|
Segment expenses (1)
|
(86,401
|
)
|
|
(14,651
|
)
|
|
(101,052
|
)
|
|||
Segment profit
|
$
|
135,584
|
|
|
$
|
2,811
|
|
|
$
|
138,395
|
|
|
Three Months Ended
December 31, |
|
Six Months Ended
December 31, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Dollars in Thousands)
|
||||||||||||||
|
|
|
|
|
|
|
|
||||||||
Total segment profit for reportable segments
|
$
|
67,928
|
|
|
$
|
70,104
|
|
|
$
|
135,816
|
|
|
$
|
138,395
|
|
General and administrative
|
(11,863
|
)
|
|
(13,805
|
)
|
|
(25,020
|
)
|
|
(26,667
|
)
|
||||
Other income (expense), net
|
697
|
|
|
(157
|
)
|
|
1,344
|
|
|
739
|
|
||||
Interest (expense) income, net
|
(676
|
)
|
|
58
|
|
|
(1,274
|
)
|
|
139
|
|
||||
Income before income taxes
|
$
|
56,086
|
|
|
$
|
56,200
|
|
|
$
|
110,866
|
|
|
$
|
112,606
|
|
•
|
Innovative products that can enhance our customers' profitability;
|
•
|
Long-term customer relationships;
|
•
|
Large installed base of users of our software; and
|
•
|
Long-term license contracts.
|
•
|
whether the professional services arrangement was sold as a single arrangement with, or in contemplation of, a new aspenONE licensing arrangement;
|
•
|
the number, value and rate per hour of service transactions booked during the current and preceding periods;
|
•
|
the number and availability of service resources actively engaged on billable projects;
|
•
|
the timing of milestone acceptance for engagements contractually requiring customer sign-off;
|
•
|
the timing of collection of cash payments when collectability is uncertain; and
|
•
|
the size of the installed base of license contracts.
|
•
|
Annual spend;
|
•
|
Free cash flow; and
|
•
|
Non-GAAP operating income.
|
•
|
New term license agreements with new or existing customers;
|
•
|
Renewals or modifications of existing term license agreements that result in higher license fees due to price escalation or an increase in the number of tokens (units of software usage) or products licensed; and
|
•
|
Escalation of annual payments in our active term license contracts.
|
|
Six Months Ended
December 31, |
||||||
|
2016
|
|
2015
|
||||
|
(Dollars in Thousands)
|
||||||
Net cash provided by operating activities
|
$
|
53,417
|
|
|
$
|
39,172
|
|
Purchases of property, equipment, and leasehold improvements
|
(1,374
|
)
|
|
(1,781
|
)
|
||
Capitalized computer software development costs
|
(100
|
)
|
|
—
|
|
||
Excess tax benefits from stock-based compensation
|
1,032
|
|
|
1,831
|
|
||
Non-capitalized acquired technology
|
846
|
|
|
1,250
|
|
||
Acquisition related fees
|
413
|
|
|
—
|
|
||
Free cash flows (non-GAAP)
|
$
|
54,234
|
|
|
$
|
40,472
|
|
|
Three Months Ended
December 31, |
|
2016 Compared to 2015
|
|
Six Months Ended
December 31, |
|
2016 Compared to 2015
|
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
GAAP income from operations
|
$
|
56,065
|
|
|
$
|
56,299
|
|
|
$
|
(234
|
)
|
|
(0.4
|
)%
|
|
$
|
110,796
|
|
|
$
|
111,728
|
|
|
$
|
(932
|
)
|
|
(0.8
|
)%
|
Plus:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Stock-based compensation
|
4,671
|
|
|
3,512
|
|
|
1,159
|
|
|
33.0
|
%
|
|
9,630
|
|
|
7,935
|
|
|
1,695
|
|
|
21.4
|
%
|
||||||
Non-capitalized acquired technology
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
%
|
|
350
|
|
|
250
|
|
|
100
|
|
|
40.0
|
%
|
||||||
Amortization of intangibles
|
56
|
|
|
20
|
|
|
36
|
|
|
180.0
|
%
|
|
111
|
|
|
133
|
|
|
(22
|
)
|
|
(16.5
|
)%
|
||||||
Acquisition-related fees
|
99
|
|
|
1,028
|
|
|
(929
|
)
|
|
(90.4
|
)%
|
|
461
|
|
|
1,028
|
|
|
(567
|
)
|
|
(55.2
|
)%
|
||||||
Non-GAAP income from operations
|
$
|
60,891
|
|
|
$
|
60,859
|
|
|
$
|
32
|
|
|
0.1
|
%
|
|
$
|
121,348
|
|
|
$
|
121,074
|
|
|
$
|
274
|
|
|
0.2
|
%
|
•
|
revenue recognition;
|
•
|
accounting for income taxes; and
|
•
|
loss contingencies.
|
|
Three Months Ended
December 31, |
|
Increase /
(Decrease)
Change
|
|
Six Months Ended
December 31, |
|
Increase /
(Decrease)
Change
|
||||||||||||||
|
2016
|
|
2015
|
|
%
|
|
2016
|
|
2015
|
|
%
|
||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Subscription and software
|
$
|
112,916
|
|
|
$
|
110,126
|
|
|
2.5
|
%
|
|
$
|
226,360
|
|
|
$
|
221,985
|
|
|
2.0
|
%
|
Services and other
|
7,017
|
|
|
9,025
|
|
|
(22.2
|
)%
|
|
13,623
|
|
|
17,462
|
|
|
(22.0
|
)%
|
||||
Total revenue
|
119,933
|
|
|
119,151
|
|
|
0.7
|
%
|
|
239,983
|
|
|
239,447
|
|
|
0.2
|
%
|
||||
Cost of revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Subscription and software
|
5,176
|
|
|
4,967
|
|
|
4.2
|
%
|
|
10,245
|
|
|
10,209
|
|
|
0.4
|
%
|
||||
Services and other
|
6,403
|
|
|
6,921
|
|
|
(7.5
|
)%
|
|
12,839
|
|
|
14,651
|
|
|
(12.4
|
)%
|
||||
Total cost of revenue
|
11,579
|
|
|
11,888
|
|
|
(2.6
|
)%
|
|
23,084
|
|
|
24,860
|
|
|
(7.1
|
)%
|
||||
Gross profit
|
108,354
|
|
|
107,263
|
|
|
1.0
|
%
|
|
216,899
|
|
|
214,587
|
|
|
1.1
|
%
|
||||
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Selling and marketing
|
21,829
|
|
|
21,178
|
|
|
3.1
|
%
|
|
43,854
|
|
|
43,614
|
|
|
0.6
|
%
|
||||
Research and development
|
18,597
|
|
|
15,981
|
|
|
16.4
|
%
|
|
37,229
|
|
|
32,578
|
|
|
14.3
|
%
|
||||
General and administrative
|
11,863
|
|
|
13,805
|
|
|
(14.1
|
)%
|
|
25,020
|
|
|
26,667
|
|
|
(6.2
|
)%
|
||||
Total operating expenses, net
|
52,289
|
|
|
50,964
|
|
|
2.6
|
%
|
|
106,103
|
|
|
102,859
|
|
|
3.2
|
%
|
||||
Income from operations
|
56,065
|
|
|
56,299
|
|
|
(0.4
|
)%
|
|
110,796
|
|
|
111,728
|
|
|
(0.8
|
)%
|
||||
Interest income
|
216
|
|
|
71
|
|
|
204.2
|
%
|
|
488
|
|
|
153
|
|
|
219.0
|
%
|
||||
Interest expense
|
(892
|
)
|
|
(13
|
)
|
|
*
|
|
|
(1,762
|
)
|
|
(14
|
)
|
|
*
|
|
||||
Other income, net
|
697
|
|
|
(157
|
)
|
|
543.9
|
%
|
|
1,344
|
|
|
739
|
|
|
81.9
|
%
|
||||
Income before provision for income taxes
|
56,086
|
|
|
56,200
|
|
|
(0.2
|
)%
|
|
110,866
|
|
|
112,606
|
|
|
(1.5
|
)%
|
||||
Provision for income taxes
|
19,076
|
|
|
19,517
|
|
|
(2.3
|
)%
|
|
38,855
|
|
|
39,152
|
|
|
(0.8
|
)%
|
||||
Net income
|
$
|
37,010
|
|
|
$
|
36,683
|
|
|
0.9
|
%
|
|
$
|
72,011
|
|
|
$
|
73,454
|
|
|
(2.0
|
)%
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
* Percentage is not meaningful.
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Six Months Ended
December 31, |
||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||
|
(% of Revenue)
|
||||||||||
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
Subscription and software
|
94.1
|
%
|
|
92.4
|
%
|
|
94.3
|
%
|
|
92.7
|
%
|
Services and other
|
5.9
|
|
|
7.6
|
|
|
5.7
|
|
|
7.3
|
|
Total revenue
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
|
100.0
|
|
Cost of revenue:
|
|
|
|
|
|
|
|
|
|
|
|
Subscription and software
|
4.3
|
|
|
4.2
|
|
|
4.3
|
|
|
4.3
|
|
Services and other
|
5.3
|
|
|
5.8
|
|
|
5.3
|
|
|
6.1
|
|
Total cost of revenue
|
9.7
|
|
|
10.0
|
|
|
9.6
|
|
|
10.4
|
|
Gross profit
|
90.3
|
|
|
90.0
|
|
|
90.4
|
|
|
89.6
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing
|
18.2
|
|
|
17.8
|
|
|
18.3
|
|
|
18.2
|
|
Research and development
|
15.5
|
|
|
13.4
|
|
|
15.5
|
|
|
13.6
|
|
General and administrative
|
9.9
|
|
|
11.6
|
|
|
10.4
|
|
|
11.1
|
|
Total operating expenses, net
|
43.6
|
|
|
42.8
|
|
|
44.2
|
|
|
43.0
|
|
Income from operations
|
46.7
|
|
|
47.3
|
|
|
46.2
|
|
|
46.7
|
|
Interest income
|
0.2
|
|
|
0.1
|
|
|
0.2
|
|
|
0.1
|
|
Interest expense
|
(0.7
|
)
|
|
(0.0
|
)
|
|
(0.7
|
)
|
|
(0.0
|
)
|
Other income (expense), net
|
0.6
|
|
|
(0.1
|
)
|
|
0.6
|
|
|
0.3
|
|
Income before provision for income taxes
|
46.8
|
|
|
47.2
|
|
|
46.2
|
|
|
47.0
|
|
Provision for income taxes
|
15.9
|
|
|
16.4
|
|
|
16.2
|
|
|
16.4
|
|
Net income
|
30.9
|
%
|
|
30.8
|
%
|
|
30.0
|
%
|
|
30.7
|
%
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change
|
|
Six Months Ended
December 31, |
|
Period-to-Period
Change
|
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Subscription and software revenue
|
$
|
112,916
|
|
|
$
|
110,126
|
|
|
$
|
2,790
|
|
|
2.5
|
%
|
|
$
|
226,360
|
|
|
$
|
221,985
|
|
|
$
|
4,375
|
|
|
2.0
|
%
|
As a percent of revenue
|
94.1
|
%
|
|
92.4
|
%
|
|
|
|
|
|
|
|
94.3
|
%
|
|
92.7
|
%
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change
|
|
Six Months Ended
December 31, |
|
Period-to-Period
Change
|
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Services and other revenue
|
$
|
7,017
|
|
|
$
|
9,025
|
|
|
$
|
(2,008
|
)
|
|
(22.2
|
)%
|
|
$
|
13,623
|
|
|
$
|
17,462
|
|
|
$
|
(3,839
|
)
|
|
(22.0
|
)%
|
As a percent of revenue
|
5.9
|
%
|
|
7.6
|
%
|
|
|
|
|
|
|
|
5.7
|
%
|
|
7.3
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change
|
|
Six Months Ended
December 31, |
|
Period-to-Period
Change
|
||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||
Cost of subscription and software revenue
|
$
|
5,176
|
|
|
$
|
4,967
|
|
|
$
|
209
|
|
|
4.2
|
%
|
|
10,245
|
|
|
10,209
|
|
|
$
|
36
|
|
|
0.4
|
%
|
As a percent of revenue
|
4.3
|
%
|
|
4.2
|
%
|
|
|
|
|
|
|
|
4.3
|
%
|
|
4.3
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change
|
|
Six Months Ended
December 31, |
|
Period-to-Period
Change
|
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Cost of services and other revenue
|
$
|
6,403
|
|
|
$
|
6,921
|
|
|
$
|
(518
|
)
|
|
(7.5
|
)%
|
|
$
|
12,839
|
|
|
$
|
14,651
|
|
|
$
|
(1,812
|
)
|
|
(12.4
|
)%
|
As a percent of revenue
|
5.3
|
%
|
|
5.8
|
%
|
|
|
|
|
|
|
|
5.3
|
%
|
|
6.1
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change
|
|
Six Months Ended
December 31, |
|
Period-to-Period
Change
|
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Selling and marketing expense
|
$
|
21,829
|
|
|
$
|
21,178
|
|
|
$
|
651
|
|
|
3.1
|
%
|
|
$
|
43,854
|
|
|
$
|
43,614
|
|
|
$
|
240
|
|
|
0.6
|
%
|
As a percent of revenue
|
18.2
|
%
|
|
17.8
|
%
|
|
|
|
|
|
|
|
18.3
|
%
|
|
18.2
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change |
|
Six Months Ended
December 31, |
|
Period-to-Period
Change |
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Research and development expense
|
$
|
18,597
|
|
|
$
|
15,981
|
|
|
$
|
2,616
|
|
|
16.4
|
%
|
|
$
|
37,229
|
|
|
$
|
32,578
|
|
|
$
|
4,651
|
|
|
14.3
|
%
|
As a percent of revenue
|
15.5
|
%
|
|
13.4
|
%
|
|
|
|
|
|
|
|
15.5
|
%
|
|
13.6
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change |
|
Six Months Ended
December 31, |
|
Period-to-Period
Change |
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
General and administrative expense
|
$
|
11,863
|
|
|
$
|
13,805
|
|
|
$
|
(1,942
|
)
|
|
(14.1
|
)%
|
|
$
|
25,020
|
|
|
$
|
26,667
|
|
|
$
|
(1,647
|
)
|
|
(6.2
|
)%
|
As a percent of revenue
|
9.9
|
%
|
|
11.6
|
%
|
|
|
|
|
|
|
|
10.4
|
%
|
|
11.1
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change |
|
Six Months Ended
December 31, |
|
Period-to-Period
Change |
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Interest income
|
$
|
216
|
|
|
$
|
71
|
|
|
$
|
145
|
|
|
204.2
|
%
|
|
$
|
488
|
|
|
$
|
153
|
|
|
$
|
335
|
|
|
219.0
|
%
|
As a percent of revenue
|
0.2
|
%
|
|
0.1
|
%
|
|
|
|
|
|
|
|
0.2
|
%
|
|
0.1
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change |
|
Six Months Ended
December 31, |
|
Period-to-Period
Change |
||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||
Interest expense
|
$
|
(892
|
)
|
|
$
|
(13
|
)
|
|
$
|
(879
|
)
|
|
*
|
|
$
|
(1,762
|
)
|
|
$
|
(14
|
)
|
|
$
|
(1,748
|
)
|
|
*
|
As a percent of revenue
|
(0.7
|
)%
|
|
—
|
%
|
|
|
|
|
|
|
(0.7
|
)%
|
|
—
|
%
|
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
* Percentage is not meaningful.
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change |
|
Six Months Ended
December 31, |
|
Period-to-Period
Change |
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Other income (expense), net
|
$
|
697
|
|
|
$
|
(157
|
)
|
|
$
|
854
|
|
|
543.9
|
%
|
|
$
|
1,344
|
|
|
$
|
739
|
|
|
$
|
605
|
|
|
81.9
|
%
|
As a percent of revenue
|
0.6
|
%
|
|
(0.1
|
)%
|
|
|
|
|
|
|
|
0.6
|
%
|
|
0.3
|
%
|
|
|
|
|
|
|
|
Three Months Ended
December 31, |
|
Period-to-Period
Change |
|
Six Months Ended
December 31, |
|
Period-to-Period
Change |
||||||||||||||||||||||
|
2016
|
|
2015
|
|
$
|
|
%
|
|
2016
|
|
2015
|
|
$
|
|
%
|
||||||||||||||
|
(Dollars in Thousands)
|
||||||||||||||||||||||||||||
Provision for income taxes
|
$
|
19,076
|
|
|
$
|
19,517
|
|
|
$
|
(441
|
)
|
|
(2.3
|
)%
|
|
$
|
38,855
|
|
|
$
|
39,152
|
|
|
$
|
(297
|
)
|
|
(0.8
|
)%
|
Effective tax rate
|
33.9
|
%
|
|
34.7
|
%
|
|
|
|
|
|
|
|
35.0
|
%
|
|
34.8
|
%
|
|
|
|
|
0.002
|
|
|
Six Months Ended
December 31, |
||||||
|
2016
|
|
2015
|
||||
|
(Dollars in Thousands)
|
||||||
Cash flow provided by (used in):
|
|
|
|
|
|
||
Operating activities
|
$
|
53,417
|
|
|
$
|
39,172
|
|
Investing activities
|
(108,014
|
)
|
|
30,268
|
|
||
Financing activities
|
(196,495
|
)
|
|
(54,702
|
)
|
||
Effect of exchange rates on cash balances
|
(218
|
)
|
|
(364
|
)
|
||
Decrease in cash and cash equivalents
|
$
|
(251,310
|
)
|
|
$
|
14,374
|
|
Period
|
|
Total Number
of Shares
Purchased (2)
|
|
Average Price
Paid per Share
(3)
|
|
Total Number of
Shares Purchased as
Part of Publicly
Announced Program
(1)
|
|
Approximate Dollar
Value of Shares that
May Yet Be Purchased
Under the Program (4)
|
||||||
|
|
|
|
|
|
|
|
|
||||||
October 1 to 31, 2016
|
|
352,660
|
|
|
$
|
47.27
|
|
|
352,660
|
|
|
|
|
|
November 1 to 30, 2016
|
|
215,350
|
|
|
$
|
49.81
|
|
|
215,350
|
|
|
|
|
|
December 1 to 31, 2016
|
|
768,081
|
|
|
$
|
55.47
|
|
|
768,081
|
|
|
|
|
|
Total
|
|
1,336,091
|
|
|
$
|
52.39
|
|
|
1,336,091
|
|
|
$
|
321,292,680
|
|
|
|
|
|
|
|
|
|
|
|
|
Incorporated by Reference
|
||||
|
|
|
|
|
|
|
||||
Exhibit
Number
|
|
Description
|
|
Filed with
this Form
10-Q
|
|
Form
|
|
Filing Date with
SEC
|
|
Exhibit
Number
|
|
|
|
|
|
|
|
|
|
|
|
10.1^
|
|
Aspen Technology, Inc. 2016 Omnibus Incentive Plan
|
|
|
|
8-K
|
|
December 12, 2016
|
|
10.1
|
|
|
|
|
|
|
|
|
|
|
|
10.2^
|
|
Form of Terms and Conditions of Restricted Stock Unit Agreement Granted Under Aspen Technology Inc. 2016 Omnibus Incentive Plan
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.3^
|
|
Form of Terms and Conditions of Stock Option Agreement Granted Under Aspen Technology Inc. 2016 Omnibus Incentive Plan
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.1
|
|
Certification of Principal Executive Officer pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.2
|
|
Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32.1
|
|
Certification of President and Chief Executive Officer and Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.INS
|
|
Instance Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
Aspen Technology, Inc.
|
|
|
|
|
Date: January 26, 2017
|
By:
|
/s/ ANTONIO J. PIETRI
|
|
|
Antonio J. Pietri
|
|
|
President and Chief Executive Officer
|
|
|
(Principal Executive Officer)
|
Date: January 26, 2017
|
By:
|
/s/ KARL E. JOHNSEN
|
|
|
Karl E. Johnsen
|
|
|
Senior Vice President and Chief Financial Officer
|
|
|
(Principal Financial and Accounting Officer)
|
|
|
|
|
|
|
Incorporated by Reference
|
||||
|
|
|
|
|
|
|
||||
Exhibit
Number
|
|
Description
|
|
Filed with
this Form
10-Q
|
|
Form
|
|
Filing Date with
SEC
|
|
Exhibit
Number
|
|
|
|
|
|
|
|
|
|
|
|
10.1^
|
|
Aspen Technology, Inc. 2016 Omnibus Incentive Plan
|
|
|
|
8-K
|
|
December 12, 2016
|
|
10.1
|
|
|
|
|
|
|
|
|
|
|
|
10.2^
|
|
Form of Terms and Conditions of Restricted Stock Unit Agreement Granted Under Aspen Technology Inc. 2016 Omnibus Incentive Plan
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.3^
|
|
Form of Terms and Conditions of Stock Option Agreement Granted Under Aspen Technology Inc. 2016 Omnibus Incentive Plan
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.1
|
|
Certification of Principal Executive Officer pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.2
|
|
Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32.1
|
|
Certification of President and Chief Executive Officer and Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.INS
|
|
Instance Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
X
|
|
|
|
|
|
|
Date: January 26, 2017
|
/s/ ANTONIO. J. PIETRI
|
|
Antonio J. Pietri
|
|
President and Chief Executive Officer
|
|
(
Principal Executive Officer)
|
Date: January 26, 2017
|
/s/ KARL E. JOHNSEN
|
|
Karl E. Johnsen
|
|
Senior Vice President and Chief Financial Officer
|
|
(Principal Financial Officer)
|
Date: January 26, 2017
|
/s/ ANTONIO J. PIETRI
|
|
Antonio J. Pietri
|
|
President and Chief Executive Officer
|
Date: January 26, 2017
|
/s/ KARL E. JOHNSEN
|
|
Karl E. Johnsen
|
|
Senior Vice President and Chief Financial Officer
|