Aspen Technology, Inc. (AZPN) Q4 2023 Earnings Call Transcript

For the period ending December 31, 2023

August 1, 2023 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and thank you for standing by, and welcome to Q4 2023 Aspen Technology Earnings Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to introduce your host for today’s call, Brian Denyeau from ICR. Your line is now open.

Brian Denyeau

Thank you, operator. Good afternoon, everyone, and thank you for joining us to discuss our financial results for the fourth quarter and full year of fiscal 2023 ending June 30, 2023. With me on the call today are Antonio Pietri, AspenTech’s President and CEO; and Chantelle Breithaupt, AspenTech’s CFO.

Please note, we have developed an expanded earnings presentation for the fourth quarter and our fiscal year 2023. This presentation is now posted on our IR website, and we ask that investors to refer to this presentation in conjunction with today’s call.

Starting on slide 2. Before we begin, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements. Factors that cause these results to differ materially are set forth in today’s press release and in our annual report on Form 10-KT, other subsequent filings made with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events.

During this presentation, we present both GAAP and certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today’s earnings press release and investor presentation, both of which are available on our website.

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. Let me open by thanking our investors for their thoughtful feedback and suggestions regarding our earnings materials, which are reflected in the structure of today’s prepared remarks as well as our updated earnings presentation.

Beginning on slide 3. We achieved several important milestones in the quarter and fiscal year to help lay the foundation for AspenTech to enter our next growth stage as a leading global industrial software player.