Aspen Technology Sees FY24 EPS $6.57 Vs $6.58 Est.; Revenue $1.12B Vs $1.15B Est.
Portfolio Pulse from Benzinga Newsdesk
Aspen Technology has issued its fiscal 2024 guidance, predicting an EPS of $6.57, slightly below the estimated $6.58. The company also expects a revenue of $1.12B, lower than the estimated $1.15B. Other projections include an ACV1 growth of at least 11.5% year-over-year, GAAP operating cash flow of at least $378 million, and total bookings of at least $1.04 billion.
November 06, 2023 | 9:29 pm
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Aspen Technology's FY24 guidance is slightly below estimates, which could potentially impact the company's stock negatively in the short term.
Aspen Technology's projected EPS and revenue for FY24 are both slightly below estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
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