Aspen Technology, Inc.'s (AZPN) Q4 2022 Earnings Call Transcript

For the period ending June 30, 2022

August 8, 2022 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon. My name is Rex and I will be your conference operator today. At this time, I would like to welcome everyone to the Fourth Quarter 2022 AspenTech Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

At this time, I would like to introduce Brian Denyeau of ICR.

Brian Denyeau

Thank you. Good afternoon, everyone, and thank you for joining us to discuss our financial results for the fourth quarter of fiscal 2022 ending June 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 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-Q and the Amendment No. 4 to the Registration Statement on Form S-4 was filed on April 14, 2022 by EmerSubCX, Incorporated with the SEC. Also please note, the following information relates to our current business conditions and our outlook as of today, August 8, 2022. Consistent with our prior practice, we expressly disclaim any obligation to update this information. Please note that we have posted a fourth quarter earnings presentation, as well as the presentation we have provided more detail on the introduction of ACV as our primary growth metric on the investor relations portions of our website.

The structure of today's call will be as follows. Antonio will discuss business highlights from the fourth quarter and fiscal year include completion of our transaction with Emerson and then pending acquisition to Micromine, and then Chantelle will review our financial results and discuss our guidance for fiscal year 2023.

With that, let me turn the call over to Antonio. Antonio?

Antonio Pietri

Thanks, Brian, and thanks to all of you for joining us today. I'm excited to welcome you to our first earnings call as a new AspenTech. We're thrilled to have successfully completed our transaction with Emerson during the fourth quarter and to have welcomed the talented teams of OSI and their Digital Grid Management portfolio of products or DGM and the Subsurface Science & Engineering team and their portfolio of products or SSE into AspenTech.