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Jun 30, 2024
Aspen Technology Q4 2024 Earnings Report
Announced financial results reflecting excellent execution across all areas of the business, driven by the strong performance of the DGM suite.
Key Takeaways
AspenTech's Q4 results showed strong performance, with total revenue of $342.9 million. The company's DGM suite performed well, demonstrating growth opportunities in the utilities market. AspenTech is targeting solid ACV growth and focusing on profitability enhancement for fiscal 2025.
Total revenue was $342.9 million.
Net income was $44.7 million, or $0.70 per diluted share.
Non-GAAP net income was $150.7 million, or $2.37 per diluted share.
Cash flow from operations was $154.9 million and free cash flow was $153.0 million.
Revenue by Segment
Forward Guidance
AspenTech is issuing the following guidance for fiscal 2025. ACV growth of ~9.0% year-over-year, GAAP operating cash flow of ~$357 million, Free cash flow of ~$340 million, Total bookings of ~$1.17 billion, Total revenue of ~$1.19 billion, GAAP total expense of ~$1.21 billion, Non-GAAP total expense of ~$675 million, GAAP operating loss of ~$24 million, Non-GAAP operating income of ~$514 million, GAAP net income of ~$52 million, Non-GAAP net income of ~$478 million, GAAP net income per share of ~$0.81 and Non-GAAP net income per share of ~$7.47
Positive Outlook
- ACV growth of ~9.0% year-over-year
- GAAP operating cash flow of ~$357 million
- Free cash flow of ~$340 million
- Total bookings of ~$1.17 billion
- Total revenue of ~$1.19 billion
Challenges Ahead
- GAAP total expense of ~$1.21 billion
- Non-GAAP total expense of ~$675 million
- GAAP operating loss of ~$24 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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