Aspen Technology, Inc. (NASDAQ:AZPN) Q1 2024 Earnings Conference Call November 6, 2023 4:30 AM ET

Company Participants

Brian Denyeau - ICR

Antonio Pietri - President and CEO

Chantelle Breithaupt - CFO

Conference Call Participants

Matthew Pfau - William Blair

Rob Oliver - Baird

David Ridley-Lane - Bank of America

Devin - with KeyBanc

Arsenije Matovic - Wolfe Research

Mark Schappel - Loop Capital Markets

Nay Soe Naing - Berenberg

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the AspenTech 2023 Conference 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 like now to turn the conference over to Brian Denyeau from ICR. Please go ahead.

Brian Denyeau

Thank you, operator. Good afternoon, everyone, and thank you for joining us to discuss our financial results for the first quarter of fiscal 2024 ending September 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 posted an earnings presentation on our IR website and we ask that investors refer to this presentation in conjunction with today's call.

Starting on Slide 2, I want 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 could cause these results to differ materially are set forth in today’s press release and in our annual report on Form 10-K and 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. Beginning on Slide 3, these are the four key takeaways for today's call. First, Q1 was a solid quarter, which once again delivered double digit ACV growth. We have hit the ground running to start the new fiscal year, shifting our focus from integration and transformation to execution and expansion.