Aspen Technology Sees FY24 EPS $6.57 Vs $6.58 Est.; Revenue $1.12B Vs $1.15B Est.

Author: Benzinga Newsdesk | November 06, 2023 05:29pm

Fiscal Year 2024 Business Outlook

Based on information as of today, November 6, 2023, AspenTech is issuing the following guidance for fiscal 2024.

• ACV1 growth of at least 11.5% year-over-year
• GAAP operating cash flow of at least $378 million
• Free cash flow2 of at least $360 million
• Total bookings of at least $1.04 billion
• Total revenue of at least $1.12 billion
• 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
• Non-GAAP net income of at least $424 million
• GAAP net loss per share at or better than $0.11
• Non-GAAP net income per share of at least $6.57

These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause AspenTech's actual results to differ materially from these forward-looking statements.

Posted In: AZPN