Aspen Technology (AZPN) is scheduled to report second-quarter fiscal 2024 results on Feb 6.The Zacks Consensus Estimate for earnings is pegged at $1.49 per share compared with the prior quarter’s figure of 35 cents per share. The consensus mark for revenues stands at $259.7 million, suggesting an increase of 6.9% from the prior-year quarter.Factors to NoteThe company’s performance in the fiscal second quarter is likely to have benefited from solid demand momentum across various markets. The company is expec ...

Core Viewpoint - Aspen Technology, Inc. has committed to achieving company-wide emission reductions in line with climate science and the Science Based Target initiative (SBTi), aiming for net-zero greenhouse gas emissions for Scope 1 and Scope 2 by 2030, with significant reductions in Scope 3 by 2030 and full net-zero by 2045 [1]. Group 1 - The company has a long history of partnering with asset-intensive industries to provide expertise and digital technology for sustainability [1]. - AspenTech's commitment to its own net-zero target is part of its strategy to tackle climate change [1]. - The Chief Product and Sustainability Officer emphasized the importance of confronting climate change and the company's responsibility in operating sustainably [1]. Group 2 - AspenTech is developing a plan to achieve its emission reduction targets, which will be submitted within the next 24 months in accordance with SBTi guidelines [1]. - The company offers a portfolio of innovative sustainability solutions that will contribute significantly to achieving a net-zero future [1]. - Aspen Technology, Inc. is recognized as a global software leader that helps industries meet the increasing demand for resources sustainably [2].

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that it will release financial results for its second quarter fiscal year 2024, ended December 31, 2023, after the U.S. financial markets close on Tuesday, February 6, 2024. AspenTech will host a conference call and webcast presentation on Tuesday, February 6, 2024, at 4:30 p.m. ET to discuss its financial results, business outlook, and related corporate and financial ...

Aspen Technology, Inc. (NASDAQ:AZPN) Q1 2024 Earnings Conference Call November 6, 2023 4:30 AM ET Company Participants Brian Denyeau - ICR Antonio Pietri - President and CEO Chantelle Breithaupt - CFO Conference Call Participants Matthew Pfau - William Blair Rob Oliver - Baird David Ridley-Lane - Bank of America Devin - with KeyBanc Arsenije Matovic - Wolfe Research Mark Schappel - Loop Capital Markets Nay Soe Naing - Berenberg Operator Ladies and gentlemen, thank you for standing by, and welcome to the Asp ...

Q1-FY24 Results Antonio Pietri, President and Chief Executive Officer Chantelle Breithaupt, Chief Financial Officer Forward-Looking Statements Safe Harbor Statement Use of Non-GAAP Financial Measures Statements in this presentation and our commentary and responses to questions that In this presentation we will discuss some non-GAAP measures used by our are not strictly historical may be “forward-looking” statements for purposes of the safe management in talking about our company’s performance, and the recon ...

Financial Performance - As of September 30, 2023, the Annual Contract Value (ACV) grew approximately 10.9% from $809.6 million to $897.6 million compared to the previous year[106]. - Total Contract Value (TCV) increased from $3.3 billion to $3.7 billion year-over-year as of September 30, 2023[107]. - Bookings for the three months ended September 30, 2023, were $211.8 million, a decrease from $224.0 million in the same period of 2022[107]. - Total revenue decreased by $1.5 million, or 0.6%, to $249.3 million for the three months ended September 30, 2023, compared to $250.8 million in the same period last year[119]. - License and solutions revenue fell by $11.6 million, or 7.2%, primarily due to the timing of contract renewals[120]. - Maintenance revenue increased by $6.6 million, or 8.4%, driven by growth in the base of arrangements[121]. - Services and other revenue rose by $3.5 million, or 28.3%, due to the timing and volume of professional services engagements[122]. - Gross profit decreased by $8.4 million, or 5.3%, with a gross profit margin of 60.7%, down from 63.7% in the prior year[127]. - Non-GAAP income from operations for the three months ended September 30, 2023, was $77.8 million, compared to $92.6 million in the same period of 2022[112]. Cash Flow and Investments - Free cash flow (non-GAAP) for the three months ended September 30, 2023, was $16.0 million, up from $3.7 million in the same period of 2022[109]. - Net cash provided by operating activities increased by $11.9 million, driven by favorable changes in working capital[135]. - Total free cash flow increased by $12.4 million, primarily due to cash flows from operating activities and a decrease in capital expenditures[137]. - Net cash provided by operating activities for the three months ended September 30, 2023, was $16,981 thousand, with free cash flow reported at $16,044 thousand[142]. - The company no longer excludes acquisition and integration planning related payments from free cash flow calculations starting January 1, 2023[142]. - The company has a total commitment of $5.0 million CAD (approximately $3.7 million USD) in a limited partnership investment fund, with a fair value of $3.6 million CAD (approximately $2.7 million USD) as of September 30, 2023[145]. Shareholder Actions - The company repurchased 579,798 shares for $114.2 million under the Share Repurchase Authorization, with a remaining value of $185.8 million as of September 30, 2023[100]. Operational Focus - The company’s operational focus includes optimizing asset lifecycle management to enhance efficiency and sustainability in asset-intensive industries[96]. Currency and Interest Rate Impact - Approximately 85% of the company's ACV is denominated in U.S. dollars, providing stability against currency fluctuations[105]. - For the three months ended September 30, 2023, 7.1% of total revenue was denominated in foreign currencies, down from 11.7% in the same period of 2022[140]. - Net foreign currency exchange losses for the three months ended September 30, 2023, were $5.9 million, compared to $8.3 million in 2022[141]. - A hypothetical 10% change in foreign currency exchange rates could have impacted results by approximately $4.7 million in 2023 and $2.4 million in 2022[141]. - A hypothetical 100 basis point change in interest rates would not materially impact the fair value of the investment portfolio as of September 30, 2023[144]. - Interest income increased by $9.0 million, or 179.7%, primarily from higher interest earned on cash and cash equivalents[130]. Agreements and Terminations - The company entered into a $12.5 million agreement with Emerson for the purchase of Plantweb Optics Analytics software[98]. - The agreement to purchase Micromine was terminated due to unclear regulatory approval timelines[98]. Cost and Expense Management - Total cost of revenue increased by $6.9 million, or 7.6%, primarily due to increased compensation costs and headcount[124]. - Selling and marketing expenses rose by $4.1 million, or 3.5%, mainly due to higher compensation costs[128].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ ____________________________________________ ____________________________________________ Securities registered pursuant to Section 12(b) of the Act: ____________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15( ...

Aspen Technology, Inc. (NASDAQ:AZPN) Q4 2023 Results Conference Call August 1, 2023 4:30 PM ET Company Participants Brian Denyeau - ICR Antonio Pietri - President and CEO Chantelle Breithaupt - CFO Conference Call Participants Rob Oliver - Baird Andrew Obin - Bank of America Matthew Pfau - William Blair Jason Celino - KeyBanc Capital Markets Clarke Jeffries - Piper Sandler Josh Tilton - Wolfe Research Mark Schappel - Loop Capital Markets Operator Good day, and thank you for standing by, and welcome to Q4 20 ...

Financial Performance - The pro forma Annual Contract Value (ACV) grew approximately 11.2% from $768.6 million as of March 31, 2022, to $854.6 million as of March 31, 2023[114]. - Total Contract Value (TCV) increased to $3.5 billion as of March 31, 2023, compared to $3.2 billion as of March 31, 2022[115]. - Bookings for the three months ended March 31, 2023, were $231.3 million, down from $273.4 million for the same period in 2022; however, bookings for the nine months ended March 31, 2023, rose to $698.1 million from $638.4 million in the prior year[116]. - Free cash flow for the nine months ended March 31, 2023, was $180.8 million, significantly up from $16.3 million in the same period of 2022[119]. - Total revenue increased by $145.3 million to $229.9 million for the three months ended March 31, 2023, compared to the same period in the prior fiscal year, primarily driven by $157.8 million from Heritage AspenTech[128]. - Total revenue for the nine months ended March 31, 2023, increased by $480.1 million to $723.5 million, primarily due to $501.7 million from Heritage AspenTech[137]. - License and solutions revenue increased by $302.8 million for the nine months ended March 31, 2023, primarily driven by $313.7 million from Heritage AspenTech due to the Transaction[138]. - Maintenance revenue rose by $156.2 million during the same period, mainly due to $163.7 million from Heritage AspenTech[138]. - Overall gross profit increased by $331.0 million, with a gross profit margin rising to 59.2% from 47.0% year-over-year[142]. Expenses and Losses - The company reported a GAAP loss from operations of $78.5 million for the three months ended March 31, 2023, compared to a loss of $2.7 million for the same period in 2022[120]. - Net loss for the three months ended March 31, 2023, was $57.6 million, compared to a net loss of $3.3 million in the same period last year[137]. - Selling and marketing expenses surged by $101.1 million to $120.0 million, primarily due to $100.8 million from Heritage AspenTech[132]. - Research and development expenses rose by $38.6 million to $54.0 million, mainly due to $35.7 million from Heritage AspenTech[132]. - General and administrative expenses increased by $31.3 million to $40.5 million, primarily due to $33.6 million from Heritage AspenTech[133]. - Selling and marketing expenses increased by $294.4 million, primarily due to $301.0 million from Heritage AspenTech[143]. - Research and development expenses rose by $107.3 million, mainly attributed to $99.3 million from Heritage AspenTech[143]. Acquisition and Investments - The company entered into a definitive agreement to acquire Micromine for AU $900 million (approximately $623 million USD), with the transaction primarily financed through debt[108]. - The acquisition of Micromine is subject to regulatory approval, and the company has implemented foreign currency forward contracts to mitigate exchange rate risks associated with the purchase[108]. - The company entered into a $630.0 million Emerson Credit Agreement to finance acquisitions, replacing a previous $475.0 million Bridge Facility[152]. - As of March 31, 2023, the company's total commitment under a limited partnership investment fund is $5.0 million CAD ($4.0 million USD), with an investment value of $3.3 million CAD ($2.5 million USD) recorded in non-current assets[166]. Cash Flow and Financial Position - Operating cash flows for the nine months ended March 31, 2023, were $185.7 million, compared to $20.1 million for the same period in 2022[154]. - Free cash flow increased by $164.5 million during the nine-month period, primarily due to contributions from Heritage AspenTech[155]. - As of March 31, 2023, cash and cash equivalents were $286.7 million, down from $449.7 million as of June 30, 2022[150]. - The company recorded an income tax benefit of $68.1 million for the nine months ended March 31, 2023, compared to $7.4 million for the same period in 2022[149]. Currency and Market Risks - As of March 31, 2023, approximately 84% of the ACV was denominated in U.S. dollars, with 95% of the OSI business ACV also in USD[113]. - During the three months ended March 31, 2023, 8.7% of total revenue was denominated in a currency other than the U.S. dollar, while for the nine months, this figure was 9.6%[161]. - The company recorded a net foreign currency exchange gain of $1.0 million and a loss of $2.8 million for the three months ended March 31, 2023 and 2022, respectively[162]. - A hypothetical 10% change in foreign currency exchange rates could have impacted consolidated results by approximately $10.1 million for the three months ended March 31, 2023[162]. - The company has not entered into foreign currency forward contracts during the three months ended March 31, 2023, to mitigate foreign exchange risk[161]. - The company may enter into derivative financial instruments to manage exposure to market risks, including foreign currency exchange rates[159]. - The company recognizes that unfavorable future changes in market conditions could lead to a potential loss up to the full value of its $5.0 million CAD ($4.0 million USD) commitment in the partnership[166]. Internal Controls and Compliance - There was no change in internal control over financial reporting that materially affected the company during the nine months ended March 31, 2023[169]. - The company's disclosure controls and procedures were evaluated as effective as of March 31, 2023[168]. - A hypothetical 100 basis point increase or decrease in interest rates would not have a material impact on the fair value of the company's investment portfolio[164].

Aspen Technology, Inc. (NASDAQ:AZPN) Q3 2023 Results Conference Call April 26, 2023 4:30 PM ET Company Participants Brian Denyeau - ICR Antonio Pietri - President, CEO Chantelle Breithaupt - CFO Conference Call Participants Rob Oliver - R. W. Baird Matthew Pfau - William Blair Jason Celino - KeyBanc Andrew Obin - Bank of America Clarke Jeffries - Piper Sandler Mark Schappel - Loop Capital Operator Thank you for standing by, and welcome to the Third Quarter 2023 Aspen Technology Earnings Conference Call. [O ...