Aspen Technology completed a merger with Emerson Electric's industrial software and geological modeling software divisions with software developer Aspen Technology. In exchange for its divisions and $6 billion, Emerson received 55% of Aspen Technology.

Aspen Technology reported GAAP net income of $176.386 million for the first nine months of fiscal 2022, down 21.4% from $224.358 million in the prior year. Revenue decreased 3.2% to $495.129 million from $511.415 million a year earlier.

Aspen Technology GAAP net income of $101.263 million for 6 months of fiscal 2022, down 37.4% from $161.863 million in the prior year. Revenue decreased 11.8% to $307.376 million from $348.689 million a year earlier.

Aspen Technology reported GAAP net income of $39.399 million for 3M 2022, up 20.4% from $32.711 million in the previous year. Revenue increased 18.3% to $136.02 million from $114.971 million a year earlier.