AZPN - Aspen Technology Inc. (AZPN) Q3 2024 Earnings Call Transcript

2024-05-07 20:11:06 ET

Aspen Technology, Inc. (AZPN)

Q3 2024 Results Conference Call

May 07, 2024 04:30 PM ET

Company Participants

Brian Denyeau - ICR

Antonio Pietri - President and Chief Executive Officer

Chris Stagno - Interim Chief Financial Officer

Conference Call Participants

Jason Celino - KeyBanc Capital Markets

David Ridley-Lane - Bank of America

Rob Oliver - Baird

Dylan Becker - William Blair

Clark Jefferies - Piper Sandler

Mark Schappel - Loop Capital Markets

Presentation

Operator

Good day, and thank you for standing by. Welcome to the Q3 Fiscal 2024 Aspen Technology Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Brian Denyeau from ICR.

Brian Denyeau

Thank you, Josh. Good afternoon everyone and thank you for joining us to discuss our financial results for the third quarter of fiscal 2024 ending March 31, 2024. With me on the call today are Antonio Pietri, AspenTech's President and CEO; and Chris Stagno, AspenTech's Interim CFO. Please note we have posted 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 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 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 will 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 Investor Relations website.

With that, let me turn the call over to Antonio. Antonio?

Antonio Pietri

Thanks, Brian, and welcome to everyone joining us today. Before I get into our results, I would like to highlight our flagship optimize user conference, which we held last week in Houston, Texas with a theme of Partnering for the Future. This was the first time that the new AspenTech organization has held an optimized event, and we were pleased to see many new and familiar faces in attendance. More than ever, our customers are focused on addressing the dual challenge of meeting the increasing demand for resources from a growing population with an increasing standard of living, while also addressing the sustainability imperative....

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