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Jun 30, 2022
Aspen Technology Q4 2022 Earnings Report
Aspen Technology reported strong fourth quarter results, driven by annual spend growth in the heritage AspenTech business and overall demand improvement.
Key Takeaways
Aspen Technology's Q4 2022 results showed strong growth, with an 8.5% increase in annual spend for the heritage AspenTech business. The completion of the Emerson transaction was transformational, positioning the company to address the increasing global demand for resources in a sustainable manner.
AspenTech ended fiscal year 2022 with strong fourth quarter results.
Annual spend for heritage AspenTech increased 8.5% compared to the fourth quarter of fiscal 2021.
The transaction with Emerson was transformational for AspenTech.
New AspenTech is well positioned to help customers address the Dual Challenge.
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 issued guidance for fiscal year 2023, which does not include any contribution from the pending acquisition of Micromine.
Positive Outlook
- Annual Contract Value (“ACV”) growth of 10.5-13.5% year-over-year.
- Free cash flow of $347 to $362 million
- Total bookings of $1.07 to $1.17 billion
- Total revenue of $1.14 to $1.20 billion
- Non-GAAP operating income of $503 to $555 million
Challenges Ahead
- GAAP total expense of $1.186 to $1.196 billion
- Non-GAAP total expense of $637 to $647 million
- GAAP operating loss of $46 million to operating income of $6 million
- GAAP net loss of $8 million to net income of $24 million
- GAAP net loss per share of $0.12 to income per share of $0.36
Revenue & Expenses
Visualization of income flow from segment revenue to net income