Financial PerformanceThe magnitude and details of reduced FY24 ACV growth were worse than expected, driven by a spending slowdown and sales execution issues.
Operational ChallengesAspen reported a challenging third quarter, with key operating results below expectations as the company noted incremental sales execution challenges and delayed decisioning across most end-markets and geographies.
Sales ExecutionSeveral deals across different suites like SSE, Engineering Suite, and MSC Suite were pushed out of the quarter, indicating a slowdown in demand.