Aspen Technology Reaffirms Outlook For FY25, Provides Multi-year Financial Outlook As Part Of Its 2024 Investor Day
Portfolio Pulse from Benzinga Newsdesk
Aspen Technology has reaffirmed its financial outlook for FY25 during its 2024 Investor Day, projecting high-single to double-digit growth in Annual Contract Value (ACV) and a margin of 45-47%. The company also anticipates mid-teens growth in free cash flow.
September 17, 2024 | 9:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Aspen Technology has reaffirmed its financial outlook for FY25, expecting high-single to double-digit growth in ACV and a margin of 45-47%. The company also anticipates mid-teens growth in free cash flow, which is positive for investors.
The reaffirmation of a strong financial outlook, including significant growth in ACV and free cash flow, is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100