Aspen Technology, Inc. (AZPN) Q1 2023 Earnings Call Transcript

For the period ending September 30, 2022

October 26, 2022 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day and thank you for standing by. Welcome to the Fiscal First Quarter 2023 AspenTech Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Brian Denyeau of ICR. You are now able to talk.

Brian Denyeau

Thank you, Justin. Good afternoon, everyone, and thank you for joining us to discuss our financial results for the first quarter of fiscal 2023, ending September 30, 2022. With me on the call today are Antonio Pietri, AspenTech's President and CEO; and Chantelle Breithaupt, AspenTech's CFO.

Before we begin, I will make the safe harbor statement that during the course of this call, we may make projections or other forward-looking statements about the financial performance of the company that may involve risks and uncertainties.

The company's actual results may differ materially from such projections or statements. Factors that might cause such differences include, but are not limited to, those discussed in today's call as well as those contained in our most recently filed Form 10-K with the SEC. Also, please note that the following information relates to our current business conditions and our outlook as of today, October 26, 2022.

Consistent with our prior practice, we expressly disclaim any obligation to update this information. Please also note that we have posted a financial update presentation on the Investor Relations section of our website. The structure of today's call will be as follows: Antonio will discuss business highlights from the first quarter and fiscal year, and then Chantelle will review our financial results and discuss our guidance for fiscal year 2023.

With that, I'll turn to Antonio. Antonio?

Antonio Pietri

Thanks Brian, and thanks to all of you for joining us today. Our first fiscal quarter performance was in line with our expectations. This was an important quarter since the completion of the Emerson transaction. [Technical Difficulty] business currently on the steps of the performance on OSI and SSE businesses. We entered the fiscal year with a clear focus to execute on our integration plan after the 7.5 months of [Technical Difficulty] completed before the close of the transaction on May 16.