Aspen Technology Q4 2022 Earnings Report
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.
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Aspen Technology Revenue by Segment
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