Benzinga | Jan 26, 2022 04:31PM EST

AspenTech Sees FY22 Adj. EPS $5.23-$5.39 vs $5.01 Est.; Sees Sales $737M-$754M vs $726.64M Est.

Business Outlook

Based on information as of today, January 26, 2022, AspenTech is issuing the following guidance for fiscal year 2022:

* Annual spend growth of 7-8% year-over-year

* Free cash flow of $280 to $290 million

* Total bookings of $814 to $840 million

* Total revenue of $737 to $754 million

* GAAP total expense of $413 to $418 million

* Non-GAAP total expense of $340 to $345 million

* GAAP operating income of $324 to $336 million

* Non-GAAP operating income of $397 to $409 million

* GAAP net income of $295 to $306 million

* Non-GAAP net income of $353 to $364 million

* GAAP net income per share of $4.37 to $4.53

* Non-GAAP net income per share of $5.23 to $5.39

The above guidance does not give effect to the proposed transaction with Emerson, which, if completed, is expected to close during fiscal 2022. These statements are forward-looking and actual results may differ materially. Refer to the Forward-Looking Statements safe harbor below for information on the factors that could cause AspenTech's actual results to differ materially from these forward-looking statements.