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Aspen Technology, Inc. (AZPN)
NASDAQ:AZPN
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$1.87Last Year’s EPS
$1.37Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 5.53%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong ACV growth and strategic acquisitions, particularly in the digital grid management space. Despite challenges with free cash flow and lower year-over-year revenue due to timing issues, the company's confidence in meeting its fiscal year targets remains high, supported by strong demand across end markets.Company Guidance
During the Q1 2025 earnings call for Aspen Technology, the executives provided comprehensive guidance for the fiscal year. They reiterated their expectation for annual contract value (ACV) growth of approximately 9% and projected free cash flow generation of around $340 million. The company's quarterly ACV reached $941 million, reflecting a 9.4% year-over-year increase. Despite a negative free cash flow of $6 million in Q1, attributed to the timing of collections, AspenTech remains confident in meeting its full-year objectives. The executives highlighted the anticipated acquisition of Open Grid Systems as a strategic move to enhance their Digital Grid Management Suite, aiming to close the acquisition by the end of 2024. Additionally, AspenTech's non-GAAP operating income was reported at $49 million, with a 22.5% non-GAAP operating margin. The company's strategic focus remains on driving growth through innovation and disciplined execution across various asset-intensive markets, including energy, EPC, and chemicals.Anticipated Acquisition of Open Grid Systems
AspenTech announced the acquisition of Open Grid Systems to enhance their Digital Grid Management Suite, expected to close by the end of 2024.
Annual Contract Value (ACV) Growth
ACV for Q1 was $941 million, increasing 0.9% quarter-over-quarter and 9.4% year-over-year, in line with expectations.
Strong Demand Across End Markets
Continued strength across most end markets, driven by the mission criticality of products and solutions.
Positive Customer Reception to Innovations
Launch of industrial AI and sustainability capabilities, including a new microgrid solution.
Confidence in Fiscal Year 2025 Guidance
Reiterated guidance for ACV growth of approximately 9% and free cash flow generation of approximately $340 million.
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AZPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AZPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $237.59 | $241.00 | +1.44% |
| Aug 06, 2024 | $177.84 | $207.00 | +16.40% |
| May 07, 2024 | $188.77 | $197.79 | +4.78% |
| Feb 06, 2024 | $193.32 | $192.41 | -0.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aspen Technology, Inc. (AZPN) report earnings?
Aspen Technology, Inc. (AZPN) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Aspen Technology, Inc. (AZPN) earnings time?
Aspen Technology, Inc. (AZPN) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AZPN EPS forecast?
AZPN EPS forecast for the fiscal quarter 2025 (Q2) is $1.87.
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