Aspen Technology Q4 2023 Earnings Report
Key Takeaways
Aspen Technology's Q4 2023 results showed strong performance with total revenue of $320.6 million. The company's ACV grew by 11.8% year-over-year. Non-GAAP EPS reached $2.13 per share. The company issued FY24 guidance, including revenue of at least $1.12 billion and non-GAAP EPS of at least $6.51.
ACV was $884.9 million at the end of fiscal 2023, an increase of 11.8% year over year and 3.5% quarter over quarter.
Total revenue was $320.6 million for the fourth quarter of fiscal 2023.
Net income was $27.3 million or $0.42 per diluted share in the fourth quarter of fiscal 2023.
Non-GAAP net income was $138.2 million, or $2.13 per share, for the fourth quarter of fiscal 2023.
Aspen Technology
Aspen Technology
Aspen Technology Revenue by Segment
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 revenue of at least $1.12 billion and Non-GAAP net income per share of at least $6.51.
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.
- Non-GAAP operating income of at least $445 million.
- GAAP net loss at or better than $7 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income