Group 1 - Aspen Technology, Inc. (NASDAQ: AZPN) is a global leader in industrial software, focusing on optimizing asset design, operation, and maintenance lifecycle for asset-intensive industries [2] - The company will have a presentation at the KeyBanc Emerging Technology Summit in San Francisco on March 6, 2024, at 2:00 p.m. ET [1] - The presentation will be available for live webcast on the company's Investor Relations website [1] Group 2 - AspenTech aims to help industries meet the increasing demand for resources sustainably amid a rapidly growing population [2] - The company's solutions are designed to improve operational excellence by enabling customers to run their assets safer, greener, longer, and faster [2]

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced the implementation of its digital grid management solutions by Adani Electricity, a leading power company in India. AspenTech’s next generation SCADA system and its Advanced Distribution Management System (ADMS) have been incorporated into Adani Electricity’s new network operation center located in Hiranandani Powai to monitor and control in real-time an intelligent power grid that ...

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced a strategic technology milestone with TenneT, a leading transmission system operator in Europe providing electricity to 43 million homes and businesses. TenneT recently completed implementation of its new Power Management System (PMS) which was developed using AspenTech OSI digital grid management solutions. The new PMS is an important step in TenneT’s energy transition strategy to ...

Core Insights - Körber has appointed Lawrence Schwartz as Chief Marketing Officer (CMO) and Executive Vice President Software of Körber Supply Chain, bringing over 20 years of experience in transformational marketing strategies [1][2] - Schwartz's background includes expertise in artificial intelligence, machine learning, SaaS, data management, and sustainability, with a focus on scaling high-margin B2B businesses [1][2] - The company aims to enhance brand visibility and strengthen customer connections through innovative market strategies under Schwartz's leadership [2] Company Overview - Körber Supply Chain provides a broad range of end-to-end solutions designed to manage supply chain complexities, catering to various business sizes and industries [3] - The company offers a portfolio that includes software, voice, and robotics solutions, along with the expertise to integrate these elements effectively [3] - Körber positions itself as a leader in supply chain solutions, helping customers leverage supply chain management as a competitive advantage [3]

Aspen Technology (AZPN) reported second-quarter fiscal 2024 non-GAAP earnings per share (EPS) of $1.37, which missed the Zacks Consensus Estimate of $1.49. AZPN reported non-GAAP EPS of 35 cents in the year-ago quarter.Revenues of $257.2 million increased 5.9% year over year driven by solid demand for products and solutions across most of the end markets. However, it lagged the Zacks Consensus Estimate by 1%.Quarter in DetailLicense and solutions’ revenues (59.3% of revenues) were up 1.7% year over year to ...

Aspen Technology, Inc. (NASDAQ:AZPN) Q2 2024 Earnings Conference Call February 6, 2024 4:30 PM ET Company Participants Brian Denyeau – ICR Antonio Pietri – President and Chief Executive Officer Chris Stagno – Interim Chief Financial Officer Conference Call Participants Rob Oliver – Baird Matthew Pfau – William and Blair Mark Schappel – Loop Capital Markets Jason Celino – KeyBanc Capital Markets Nay Soe Naing – Berenberg Arsenije Matovic – Wolfe Research Clarke Jeffries – Piper Sandler Operator Good day and ...

For the quarter ended December 2023, Aspen Technology (AZPN) reported revenue of $257.16 million, up 5.9% over the same period last year. EPS came in at $1.37, compared to $0.35 in the year-ago quarter.The reported revenue represents a surprise of -0.98% over the Zacks Consensus Estimate of $259.7 million. With the consensus EPS estimate being $1.49, the EPS surprise was -8.05%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Aspen Technology (AZPN) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.05%. A quarter ago, it was expected that this software maker would post earnings of $1.41 per share when it actually produced earnings of $1.16, delivering a surprise of -17.73%.Over the last four quarters, the ...

Q2-FY24 Results Antonio Pietri, President and Chief Executive Officer Christopher Stagno, Interim Chief Financial Officer February 6, 2024 Forward-Looking Statements Safe Harbor Statement Statements in this presentation and our commentary and responses to questions that are not strictly historical may be "forward-looking" statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties, and AspenTech undertakes no obligation ...

Financial Performance - As of December 31, 2023, the Annual Contract Value (ACV) grew by approximately 9.6%, from $833.7 million in 2022 to $914.1 million in 2023[120]. - The Total Contract Value (TCV) increased to $3.8 billion as of December 31, 2023, compared to $3.4 billion in 2022[121]. - Bookings for the three months ended December 31, 2023, were $233.4 million, a decrease from $242.8 million in the same period of 2022[122]. - Total revenue increased by $14.3 million, or 5.9%, to $257.2 million for the three months ended December 31, 2023, compared to the same period in the prior fiscal year[133]. - Total revenue increased by $12.8 million, or 2.6%, to $506.5 million for the six months ended December 31, 2023, compared to $493.7 million in the same period of 2022[152]. - Net loss decreased by $44.7 million, or 67.5%, to $21.5 million for the three months ended December 31, 2023[145]. Revenue Breakdown - License and solutions revenue rose by $2.6 million, or 1.7%, primarily due to new term license orders[134]. - Maintenance revenue grew by $6.4 million, or 8.2%, driven by an increase in the base of arrangements[135]. - Services and other revenue surged by $5.3 million, or 36.7%, attributed to the timing and volume of professional services engagements[136]. - License and solutions revenue decreased by $9.0 million, or 2.9%, to $301.1 million, primarily due to the timing of renewals and new contracts[153]. - Maintenance revenue increased by $13.0 million, or 8.3%, to $170.0 million, driven by growth in the base of arrangements[154]. - Services and other revenue increased by $8.7 million, or 32.9%, to $35.3 million, due to increased professional services engagements[155]. Costs and Expenses - Total cost of revenue increased by $1.8 million, or 2.0%, mainly due to higher compensation costs and headcount[137]. - Total cost of revenue increased by $8.8 million, or 4.8%, to $193.0 million, primarily due to increased compensation costs and headcount[156]. - Selling and marketing expenses rose by $4.3 million, or 3.6%, due to higher compensation costs related to expanding sales capacity[141]. - Selling and marketing expenses increased by $8.4 million, or 3.6%, to $244.6 million, mainly due to higher compensation costs[161]. - Research and development expenses increased by $3.2 million, or 6.4%, primarily due to higher compensation costs[142]. - Research and development expenses increased by $7.1 million, or 7.1%, to $106.8 million, primarily due to higher compensation costs[162]. Cash Flow and Investments - Free cash flow (non-GAAP) for the six months ended December 31, 2023, was $45.2 million, down from $51.4 million in 2022[124]. - Net cash provided by operating activities decreased by $7.8 million, primarily due to unfavorable changes in working capital[170]. - Free cash flow decreased by $6.2 million during the six-month period, driven by the decrease in net cash provided by operating activities[173]. - Net cash provided by operating activities for the six months ended December 31, 2023, was $46.8 million, a decrease of 14.5% from $54.6 million in 2022[174]. - As of December 31, 2023, standby letters of credit amounted to $31.5 million, compared to $39.0 million as of June 30, 2023[175]. - The company's total commitment under a limited partnership investment fund is $5.0 million CAD (approximately $3.7 million USD)[182]. - As of December 31, 2023, the fair value of the investment in the partnership was $3.2 million CAD (approximately $2.4 million USD)[182]. Foreign Currency and Interest Rates - Approximately 85% of the company's ACV was denominated in U.S. dollars as of December 31, 2023[119]. - During the three months ended December 31, 2023, 12.1% of total revenue was denominated in foreign currencies, up from 8.3% in the same period of 2022[179]. - Net foreign currency exchange losses for the three months ended December 31, 2023, were $0.3 million, a significant decrease from $3.6 million in 2022[180]. - A hypothetical 10% change in foreign currency exchange rates could have impacted results of operations by approximately $3.0 million for the three months ended December 31, 2023[180]. - A hypothetical 100 basis point change in interest rates would not have a material impact on the fair value of the company's investment portfolio[181]. - Interest income, net increased by $8.2 million, or 198.1%, due to higher interest income on cash and cash equivalents[146]. Strategic Focus - The company aims to support energy transition and a net zero future through new processes such as green hydrogen and carbon capture technologies[113]. - The company is focused on optimizing asset lifecycle management to enhance operational excellence and sustainability for its customers[112]. - The company expects higher levels of amortization of intangible assets following the transaction with Emerson, impacting future financial results[128]. Inflation Impact - Inflation has not materially impacted the company's business or operating results, but may affect future acquisition strategies[176].