secwatch.observer — SEC 8-K summary
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Issuer:     Aspen Technology, Inc. (—)
CIK:        0001897982
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001897982-24-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/0001897982-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1897982/000189798224000030/azpn-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001897982-24-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer