Forget The Unicorns; This Is The Tech Company For Your Portfolio
When times get tough, companies cut back. They cut back on production, spending, and investment as sales decline and the future becomes uncertain. In these times, software that helps cut costs by identifying inefficiencies and has the ability to pay for itself can be extremely valuable. Aspen Techology (NASDAQ: AZPN) is the company that sells that software.
AspenTech provides a range of asset optimization software to capital-intensive companies in industries like energy and pharmaceuticals. Last month on their earnings call, CEO Antonio Pietri reported: "...customers are telling us that through the one or two saves that they achieved after they implement Mtell, they are recovering the cost of the investment." Through Mtell and other products, AspenTech is helping their customers "optimiz[e] their assets to run safer, greener, longer, and faster." This is probably why the company has attracted over 2,100 companies from numerous industries as customers.
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Source Fool.com
