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Sep 30, 2023
Aspen Technology Q1 2024 Earnings Report
Aspen Technology reported solid results with double-digit ACV growth driven by strong demand across most markets.
Key Takeaways
Aspen Technology's Q1 2024 financial results showed a total revenue of $249.3 million. The company experienced a net loss of $34.5 million, or $0.54 per diluted share, while non-GAAP net income was $74.9 million, or $1.16 per share. ACV grew by 10.9% year-over-year, reaching $897.6 million.
ACV reached $897.6 million, a 10.9% increase year-over-year.
Operating cash flow was $17.0 million, up from $5.1 million in the previous year.
Free cash flow was $16.0 million, compared to $3.7 million in the previous year.
The company reiterates its fiscal year 2024 guidance.
Aspen Technology
Aspen Technology
Aspen Technology Revenue by Segment
Revenue by Segment
License and Solutions Revenue
CapyFin.comMaintenance Revenue
CapyFin.comServices and Other Revenue
CapyFin.com Forward Guidance
AspenTech is issuing the following guidance for fiscal year 2024: ACV growth of at least 11.5% year-over-year, GAAP operating cash flow of at least $378 million, Free cash flow of at least $360 million, Total bookings of at least $1.04 billion, Total revenue of at least $1.12 billion, GAAP total expense of approximately $1.22 billion, Non-GAAP total expense of approximately $675 million, GAAP operating loss at or better than $100 million, Non-GAAP operating income of at least $445 million, GAAP net loss at or better than $7 million, Non-GAAP net income of at least $424 million, GAAP net loss per share at or better than $0.11, Non-GAAP net income per share of at least $6.57.
Positive Outlook
- ACV growth of at least 11.5% year-over-year
- GAAP operating cash flow of at least $378 million
- Free cash flow of at least $360 million
- Total bookings of at least $1.04 billion
- Total revenue of at least $1.12 billion
Challenges Ahead
- GAAP total expense of approximately $1.22 billion
- Non-GAAP total expense of approximately $675 million
- GAAP operating loss at or better than $100 million
- GAAP net loss at or better than $7 million
- GAAP net loss per share at or better than $0.11
Revenue & Expenses
Visualization of income flow from segment revenue to net income