Benzinga | Aug 11, 2021 04:47PM EDT

Aspen Technology Sees FY22 Adj. EPS $4.79-$5.17 vs $5.17 Est., Sales $702M-$737M vs $720.58M Est.

Business Outlook

Based on information as of today, August 11, 2021, Aspen Technology is issuing the following guidance for fiscal year 2022:

* Annual spend growth of 5-7% year-over-year

* Free cash flow of $275 to $285 million

* Total bookings of $766 to $819 million

* Total revenue of $702 to $737 million

* GAAP total expense of $386 to $391 million

* Non-GAAP total expense of $341 to $346 million

* GAAP operating income of $316 to $346 million

* Non-GAAP operating income of $361 to $391 million

* GAAP net income of $288 to $314 million

* Non-GAAP net income of $323 to $349 million

* GAAP net income per share of $4.27 to $4.65

* Non-GAAP net income per share of $4.79 to $5.17