{"schema_version":"secwatch.filing_event.v1","accession":"0001897982-24-000030","form_type":"8-K","ticker":null,"cik":"0001897982","company_name":"Aspen Technology, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.131194+00:00","generated_at":"2026-06-02T20:55:30.562162+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AspenTech Q3 ACV $936M (+9.5% YoY); guides FY24 ACV growth ≥9%; names David Baker CFO","bullets":["ACV $936.1M (+9.5% YoY, +2.4% QoQ); total revenue $278.1M.","GAAP net income $1.6M ($0.02 EPS) vs loss $57.6M ($0.89) YoY; Non-GAAP net income $108.7M ($1.70 EPS) vs $69.1M ($1.06).","Updated FY24 guidance: ACV growth ≥9.0% YoY, total revenue ≥$1.10B, Non-GAAP EPS ≥$6.29.","David Baker (ex-Emerson) appointed SVP, CFO effective June 3, 2024; Christopher Stagno returns to CAO.","Share repurchases: $56.7M in Q3, $243.1M total used of $300M authorization, $56.9M remaining."],"urls":{"canonical":"https://secwatch.observer/filing/0001897982-24-000030","json":"https://secwatch.observer/filing/0001897982-24-000030.json","markdown":"https://secwatch.observer/filing/0001897982-24-000030.md","text":"https://secwatch.observer/filing/0001897982-24-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/0001897982-24-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/azpn-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T20:55:30.562162+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d717e42c74898a86572a49c1f01762b7596a3baa","claim":"Aspen Technology, Inc. reported third quarter of fiscal 2024, ended March 31, 2024 results: revenue $278.1 million, net income $1.6 million, EPS $0.02 per diluted share.","evidence_excerpt":"AspenTech’s total revenue was $278.1 million in the third quarter of fiscal 2024 and included the following: • License and solutions revenue, which represents the portion of a term license agreement allocated to the initial license and Digital Grid Management (“DGM”) revenue where software, hardware and professional services are recognized as one performance obligation, was $169.5 million in the third quarter of fiscal 2024, compared to $136.3 million in the third quarter of fiscal 2023. • Maintenance revenue, which represents the portion of customer agreements related to ongoing support and the right to future product enhancements, was $86.3 million in the third quarter of fiscal 2024, compared to $77.3 million in the third quarter of fiscal 2023. • Services and other revenue, which represents the portion of customer agreements related to professional services and training services, was $22.4 million in the third quarter of fiscal 2024, compared to $16.3 million in the third quarter o","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/0001897982-24-000030-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal 2024, ended March 31, 2024"},{"label":"Revenue","value":"$278.1 million"},{"label":"Net income","value":"$1.6 million"},{"label":"EPS","value":"$0.02 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bff2f30f01","claim":"David Baker was appointed as Senior Vice President, Chief Financial Officer at Aspen Technology, Inc..","evidence_excerpt":"On May 7, 2024, the Company announced the appointment of David Baker to the position of Senior Vice President, Chief Financial Officer of the Company, effective June 3, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/0001897982-24-000030-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Senior Vice President, Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}