Aspen Technology, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, total revenue was $77,309,000 against $66,555,000 for the same period a year ago. Income from operations was $14,929,000 against $7,041,000 for the same period a year ago. Income before provision for income taxes was $15,711,000 against $7,635,000 for the same period a year ago. Net income was $9,937,000 or $0.10 diluted earnings per share against $3,836,000 or $0.04 diluted earnings per share for the same period a year ago. Net cash provided by operating activities as $35,679,000 against $23,007,000 for the same period a year ago. Purchase of property, equipment and leasehold improvements was $767,000 against $536,000 for the same period a year ago. Capitalized computer software development costs were $435,000 against $192,000 for the same period a year ago. Non-GAAP income from operations was $18,575,000 against $10,126,000 for the same period a year ago. Non-GAAP net income $12,267,000 or $0.13 diluted per share against $5,980,000 or $0.06 diluted per share for the same period a year ago.

For the six months, total revenue was $148,766,000 against $117,780,000 for the same period a year ago. Income from operations was $23,883,000 against loss from operations of $8,584,000 for the same period a year ago. Income before provision for income taxes was $25,230,000 against loss before provision for income taxes $8,883,000 for the same period a year ago. Net income was $14,350,000 or $0.15 diluted earnings per share against net loss of $7,900,000 or $0.08 diluted loss per share for the same period a year ago. Net cash provided by operating activities as $54,140,000 against $28,280,000 for the same period a year ago. Purchase of property, equipment and leasehold improvements was $2,567,000 against $922,000 for the same period a year ago. Capitalized computer software development costs were $435,000 against $392,000 for the same period a year ago. Non-GAAP income from operations was $31,987,000 against Non-GAAP loss from operations of $1,864,000 for the same period a year ago. Non-GAAP net income $19,528,000 or $0.20 diluted per share against Non-GAAP net loss of $3,150,000 or $0.03 diluted per share for the same period a year ago.

For the third quarter, the company expects revenue in the range of $71 million to $74 million. From a profitability perspective, the company currently expect non-GAAP operating income of $6.5 million to $8.5 million, and non-GAAP EPS of $0.04 to $0.05 for the third quarter. On a GAAP basis, operating income of $3 million to $5 million, and EPS of $0.01 to $0.02.

For the full year fiscal 2013, the company increases revenue guidance to $295 million to $302 million, an increase from previous target of $285 million to $295 million. From an expense perspective, the company lowers the high end of guidance for total GAAP costs and expenses, to approximately $263 million to $270 million, which compares to previous full year target of $265 million to $275 million. Taken together from a non-GAAP perspective, increases non-GAAP operating income guidance to $46 million to $53 million for full year fiscal 2013, up from prior guidance of $36 million to $46 million. This would lead to non-GAAP earnings per share in the range of $0.28 to $0.33 for the fiscal year, an increase from $0.21 to $0.27. GAAP operating income in the range of $31 million to $38 million for fiscal 2013, which is an increase from prior guidance of $20 million to $30 million. GAAP net income of approximately $17 million to $21 million, or $0.18 to $0.22 per share, which is an increase versus prior expectation of net income of $10 million to $16 million, or $0.10 to $0.17 per share. Increases free cash flow target to $120 million, an increase from prior target of $115 million. Cash flow continues to be positively impacted by the underlying momentum in business, along with focus on expense and working capital management.