---
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"
generated_at: "2026-06-02T20:55:30.562162+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AspenTech Q3 ACV $936M (+9.5% YoY); guides FY24 ACV growth ≥9%; names David Baker CFO

## Summary
- 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.

## SEC filing metadata
- accession: 0001897982-24-000030
- form_type: 8-K
- cik: 0001897982
- company_name: Aspen Technology, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001897982-24-000030
- JSON: https://secwatch.observer/filing/0001897982-24-000030.json
- Plain text: https://secwatch.observer/filing/0001897982-24-000030.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter of fiscal 2024, ended March 31, 2024
  - Revenue: $278.1 million
  - Net income: $1.6 million
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/0001897982-24-000030-index.htm
- Executive change
  David Baker was appointed as Senior Vice President, Chief Financial Officer at Aspen Technology, Inc..
  - Action: appointed
  - Role: Senior Vice President, Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/0001897982-24-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.