Aspen Technology, Inc. provided earnings guidance for the third quarter and revised earnings guidance for the full year of 2011. For the quarter, the company currently expects revenue of approximately $57 million to $60 million. The company expects to report a GAAP operating loss in the range of $8 million to $10 million and on a non-GAAP basis, that would translate to a non-GAAP operating loss of approximately $5.5 million to $7.5 million. For the year, the company now expects free cash flow of approximately $80 million, which is an increase from prior guidance of the mid-$70 million range. The company is now expecting revenue of $235 million to $240 million, which is up from original guidance of $225 million to $235 million. GAAP operating loss is expected to be in the range of $23 million to $33 million, which is an improvement from prior guidance of $30 million to $40 million, as well as from an operating loss of $54.6 million for fiscal 2011. The company continues to assume a GAAP net loss of $20 million to $30 million or a loss of $0.21 to $0.32 per share. The company is now assuming a lower level of non-operating income, due primarily to fluctuations in exchange rates. From a non-GAAP perspective, the company now expects operating loss in the range of $13 million to $23 million, an improvement from prior guidance of non-GAAP operating loss of $20 million to $30 million. The company continues to expect a non-GAAP loss per share of $0.09 to $0.19, which is consistent with prior guidance.