Aspen Technology(US:AZPN)2022-10-27 03:34Financial Performance - ACV reached $810 million at the end of Q1-FY23, representing a year-over-year growth of 7.7% and a quarter-over-quarter growth of 2.3%[4] - Total revenue for Q1 FY23 was $250.819 million, a 226% increase year-over-year and a 5% increase quarter-over-quarter[11] - GAAP Total Expenses for Q1 FY23 were $302.001 million, a 232% increase year-over-year and a 51% increase quarter-over-quarter[11] - Non-GAAP Total Expenses for Q1 FY23 were $158.247 million, a 157% increase year-over-year and a 44% increase quarter-over-quarter[11] - Non-GAAP Net Income for Q1 FY23 was $142.039 million, a 1,165% increase year-over-year and a 16% increase quarter-over-quarter[11] - Free Cash Flow for Q1 FY23 was $10.716 million, a 119% increase quarter-over-quarter[11] - The company anticipates FY23 total revenue between $1.14 billion and $1.20 billion[13] Business Updates - The company completed the acquisition of Inmation during Q1-FY23[4] - The company expects the Micromine acquisition to close in Q2 FY23, subject to regulatory approvals[4] Guidance - The company projects ACV growth between 10.5% and 13.5% for FY23[13] - The company anticipates total bookings between $1.07 billion and $1.17 billion for FY23[13]