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Jun 30, 2023
Aspen Technology Q4 2023 Earnings Report
Announced financial results for the fourth quarter and fiscal year 2023.
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
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 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