0001897982false00018979822025-02-042025-02-04

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

______________________

 FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  February 4, 2025
 
ASPEN TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
 
Delaware 001-41400 87-3100817
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
 
20 Crosby Drive,Bedford, MA 01730
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code: (781) 221-6400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common stock, $0.0001 par value per shareAZPNNASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 




 

Item 2.02.Results of Operations and Financial Condition.

On February 4, 2025, Aspen Technology, Inc. (the “Company”) issued a press release announcing financial results for the second quarter of fiscal year 2025, ended December 31, 2024. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such a filing.
Item 9.01Financial Statements and Exhibits.

(d)                                 Exhibits.
 
Exhibit No. Description
   
99.1 
104Cover Page Interactive Data File (formatted as Inline XBRL)


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 ASPEN TECHNOLOGY, INC.
  
   
 Date: February 4, 2025
By:/s/ David Baker
  David Baker
  Senior Vice President and Chief Financial Officer





Exhibit 99.1
aspentechnologylogoa61a.jpg

Contacts:     
Media ContactInvestor Contact
Len DieterleWilliam Dyke
Aspen TechnologyAspen Technology
+1 781-221-4291 +1 781-221-5571
len.dieterle@aspentech.com ir@aspentech.com

Aspen Technology Announces Financial Results for the
Second Quarter of Fiscal 2025
Bedford, Mass. – February 4, 2025 - Aspen Technology, Inc. (“AspenTech” or the “Company”) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its second quarter in fiscal 2025, ended December 31, 2024.
Second Quarter Fiscal Year 2025 and Recent Business Highlights    
•Annual contract value1 (“ACV”) was $964.9 million for the second quarter of fiscal 2025, increasing 9.2% year over year and 2.5% quarter over quarter.
•Cash flow from operations was $38.1 million and free cash flow was $36.4 million in the second quarter of fiscal 2025. A reconciliation of GAAP to non-GAAP results is presented in the financial tables included in this press release.
Second Quarter Fiscal Year 2025 Financial Results Summary
AspenTech’s total revenue was $303.6 million in the second quarter of fiscal 2025, compared to $257.2 million in the second quarter of fiscal 2024. Total revenue in the period included license and solutions revenue of $188.2 million, compared to $152.5 million in the second quarter of fiscal 2024, maintenance revenue of $90.6 million, compared to $85.1 million in the second quarter of fiscal 2024, and services and other revenue of $24.7 million, compared to $19.6 million in the second quarter of fiscal 2024. Bookings2 was $307.5 million in the second quarter of fiscal 2025, compared to $233.4 million in the second quarter of fiscal 2024.
Income from operations was $9.0 million in the second quarter of fiscal 2025, compared to a loss from operations of $49.2 million in the second quarter of fiscal 2024. Non-GAAP income from operations was $149.0 million in the second quarter of fiscal 2025, compared to $88.7 million in the second quarter of fiscal 2024. Net income was $20.3 million, or $0.32 per diluted share, in the second quarter of fiscal 2025, compared to a net loss of $21.5 million, or $0.34 per diluted share, in the second quarter of fiscal 2024. Non-GAAP net income was $131.1 million, or $2.06 per diluted share, in the second quarter of fiscal 2025, compared to $87.8 million, or $1.37 per diluted share, in the second quarter of fiscal 2024.
AspenTech had cash and cash equivalents of $181.8 million as of December 31, 2024, compared to $237.0 million as of June 30, 2024. The decrease in cash and cash equivalents during this period was due to the impact of share repurchase activity under the Company’s fiscal 2025 share repurchase authorization in the first quarter of fiscal 2025 and a net use of cash of $36.5 million in the second quarter of fiscal 2025 for the purchase of Open Grid Systems Limited. Under its revolving credit facility, AspenTech had no borrowings and $194.5 million available as of December 31, 2024.
AspenTech generated $38.1 million in cash flow from operations and $36.4 million in free cash flow in the second quarter of fiscal 2025, compared to $29.8 million in cash flow from operations and $29.2 million in free cash flow in the second quarter of fiscal 2024.


Conference Call and Fiscal 2025 Business Outlook
As a result of AspenTech entering into an Agreement and Plan of Merger (the “Merger Agreement”) with Emerson Electric Co. (“Emerson”) and Emersub CXV, Inc. (the “Purchaser”) on January 26, 2025, AspenTech will not host an earnings conference call for its second quarter fiscal 2025 results nor provide future guidance. For more information on the Merger Agreement, please refer to AspenTech’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 27, 2025.
Footnotes
1.ACV is the estimate of the annual value of the Company’s portfolio of term license and software maintenance and support, or SMS, contracts, the annual value of SMS agreements purchased with perpetual licenses and the annual value of standalone SMS agreements purchased with certain legacy term license agreements, which have become an immaterial part of the Company’s business. All ACV numbers presented in this press release exclude ACV associated with the Company’s Russia business for all periods presented.
2.Bookings is the total value of customer term license and perpetual license SMS contracts signed and delivered in the current period, less the value of such contracts signed in the current period where the initial licenses and SMS agreements are not yet deemed delivered, plus the term license contracts and perpetual license SMS contracts signed in a previous period for which the initial licenses are deemed delivered in the current period.
About AspenTech
Aspen Technology, Inc. (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in asset-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.
Additional Information and Where to Find it
No tender offer for the shares of the Company has commenced at this time. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of the Company, nor is it a substitute for the tender offer materials that Emerson and the Purchaser will file with the SEC upon the commencement of the offer. A solicitation and offer to buy outstanding shares of the Company will only be made pursuant to the tender offer materials that Emerson and the Purchaser intend to file with the SEC. At the time the tender offer is commenced, Emerson and the Purchaser will file tender offer materials on Schedule TO and the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9 and a transaction statement on Schedule 13E-3 with the SEC with respect to the tender offer. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS), THE SOLICITATION/RECOMMENDATION STATEMENT AND THE SCHEDULE 13E-3 WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES THERETO. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE (AND EACH AS IT MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME) BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT STOCKHOLDERS OF THE COMPANY SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES OF COMMON STOCK IN THE TENDER OFFER. The tender offer materials (including the Offer to Purchase and the related Letter of Transmittal), the Solicitation/Recommendation Statement and the Schedule 13E-3 will be made available for free at the SEC’s website at www.sec.gov. In addition, free copies of these materials (if and when they become available) will be made available by the Company by mail to Aspen Technology, Inc., 20 Crosby Dr., Bedford, MA 01730, Attn: Investor Relations, by email at IR@aspentech.com or on the Company’s internet website at https://ir.aspentech.com.
Forward-Looking Statements
This communication contains forward-looking statements related to the Company, Emerson and the proposed acquisition by Emerson of the outstanding shares of common stock of the Company that Emerson does not already own (the “Transaction”), which involve substantial risks and uncertainties. Forward-looking statements include any statements containing the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “goal,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue” and similar expressions.


Forward-looking statements reflect current beliefs and expectations; however, these statements involve inherent risks and uncertainties, including with respect to consummating the Transaction and any competing offers or acquisition proposals for the Company, uncertainties as to how many of the Company’s stockholders will tender their stock in the tender offer, the effects of the Transaction (or the announcement thereof) on the Company’s stock price, relationships with key third parties or governmental entities, transaction costs, risks that the Transaction disrupts current plans and operations or adversely affects employee retention, potentially diverting management’s attention from the Company’s ongoing business operations, changes in the Company’s business during the period between announcement and closing of the Transaction, and any legal proceedings that may be instituted related to the Transaction. Actual results could differ materially due to various factors, risks and uncertainties. Among other things, there can be no guarantee that the Transaction will be completed in the anticipated timeframe or at all, that the conditions required to complete the Transaction will be met, that any event, change or other circumstance that could give rise to the termination of the definitive agreement for the Transaction will not occur or that Emerson will realize the expected benefits of the Transaction; and other risks listed under the heading “Risk Factors” in the Company’s periodic reports filed with the SEC, including Current Reports on Form 8-K, Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, as well as the Schedule 14D-9 and Schedule 13E-3 that may be filed by the Company and the Schedule TO and related tender offer documents that may be filed by Emerson. You should not place undue reliance on these statements. All forward-looking statements are based on information currently available to the Company, and the Company disclaims any obligation to update the information contained in this communication as new information becomes available.
© 2025 Aspen Technology, Inc. AspenTech, aspenONE, asset optimization and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks not owned by AspenTech are property of their respective owners.
Use of Non-GAAP Financial Measures
This press release contains “non-GAAP financial measures” under the rules of the SEC. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. This non-GAAP information supplements, and is not intended to represent a measure of performance in accordance with, disclosures required by generally accepted accounting principles, or GAAP. Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP. A reconciliation of GAAP to non-GAAP results is included in the financial tables included in this press release.
Management considers both GAAP and non-GAAP financial results in managing AspenTech’s business. As the result of adoption of new licensing models, management believes that a number of AspenTech’s performance indicators based on GAAP, including revenue, gross profit, operating income and net income, should be viewed in conjunction with certain non-GAAP and other business measures in assessing AspenTech’s performance, growth and financial condition. Accordingly, management utilizes a number of non-GAAP and other business metrics, including the non-GAAP metrics set forth in this press release, to track AspenTech’s business performance.


ASPEN TECHNOLOGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended December 31,Six Months Ended December 31,
2024202320242023
(Dollars and Shares in Thousands, Except per Share Data)
Revenue:
License and solutions$188,248 $152,463 $289,907 $301,111 
Maintenance90,577 85,056 181,263 170,024 
Services and other24,730 19,644 48,262 35,336 
Total revenue303,555 257,163 519,432 506,471 
Cost of revenue:
License and solutions61,197 67,326 124,851 138,903 
Maintenance12,159 10,647 22,847 20,848 
Services and other20,908 16,960 42,013 33,242 
Total cost of revenue94,264 94,933 189,711 192,993 
Gross profit209,291 162,230 329,721 313,478 
Operating expenses:
Selling and marketing117,961 122,240 243,622 244,618 
Research and development48,115 53,145 98,115 106,821 
General and administrative33,745 36,088 66,753 71,494 
Restructuring costs484 — 8,210 — 
Total operating expenses200,305 211,473 416,700 422,933 
Income (loss) from operations8,986 (49,243)(86,979)(109,455)
Other expense, net(8,905)(199)(6,864)(6,029)
Interest income, net16,481 12,283 33,657 26,333 
Income (loss) before benefit for income taxes16,562 (37,159)(60,186)(89,151)
Benefit for income taxes(3,779)(15,659)(20,063)(33,126)
Net income (loss)$20,341 $(21,500)$(40,123)$(56,025)
Net income (loss) per common share:
Basic$0.32 $(0.34)$(0.63)$(0.88)
Diluted$0.32 $(0.34)$(0.63)$(0.88)
Weighted average shares outstanding:
Basic63,259 63,699 63,252 64,009 
Diluted63,638 63,699 63,252 64,009 


ASPEN TECHNOLOGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
December 31, 2024June 30, 2024
(Dollars in Thousands, Except Share Data)
ASSETS
Current assets:
Cash and cash equivalents$181,814 $236,970 
Accounts receivable, net133,043 115,533 
Current contract assets, net471,294 409,177 
Prepaid expenses and other current assets27,910 27,441 
Receivables from related parties69,670 78,483 
Prepaid income taxes9,347 8,462 
Total current assets893,078 876,066 
Property, equipment and leasehold improvements, net17,270 17,389 
Goodwill8,356,307 8,328,201 
Intangible assets, net3,960,147 4,184,750 
Non-current contract assets, net546,664 515,106 
Contract costs27,180 24,903 
Operating lease right-of-use assets91,874 96,034 
Deferred income tax assets5,369 6,989 
Other non-current assets38,901 22,269 
Total assets$13,936,790 $14,071,707 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$11,202 $8,099 
Accrued expenses and other current liabilities78,718 100,167 
Due to related parties19,958 47,449 
Current operating lease liabilities10,734 13,125 
Income taxes payable26,979 44,249 
Current contract liabilities120,820 124,312 
Total current liabilities268,411 337,401 
Non-current contract liabilities50,032 27,512 
Deferred income tax liabilities727,913 790,687 
Non-current operating lease liabilities84,863 84,875 
Other non-current liabilities28,464 18,377 
Stockholders’ equity:
Common stock, $0.0001 par value
Authorized—600,000,000 shares
Issued— 65,514,052 and 65,367,159 shares
Outstanding— 63,305,569 and 63,251,495 shares
7 7 
Additional paid-in capital13,309,255 13,277,851 
Accumulated deficit(91,285)(51,162)
Accumulated other comprehensive loss(13,803)(7,261)
Treasury stock, at cost — 2,208,483 and 2,115,664 shares of common stock
(427,067)(406,580)
Total stockholders’ equity12,777,107 12,812,855 
Total liabilities and stockholders’ equity$13,936,790 $14,071,707 


ASPEN TECHNOLOGY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Three Months Ended December 31,Six Months Ended December 31,
2024202320242023
(Dollars in Thousands)
Cash flows from operating activities:
Net income (loss)$20,341 $(21,500)$(40,123)$(56,025)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization124,780 123,167 247,636 246,386 
Reduction in the carrying amount of right-of-use assets3,990 3,370 7,951 6,932 
Net foreign currency losses8,989 274 6,869 6,168 
Stock-based compensation14,582 16,211 29,396 32,910 
Deferred income taxes(33,512)(43,130)(65,960)(94,210)
Provision for uncollectible receivables2,006 1,597 2,497 3,385 
Other non-cash operating activities1,199 (648)941 (629)
Changes in assets and liabilities:
Accounts receivable(31,352)(40,126)(18,465)(10,709)
Contract assets(81,808)(33,864)(100,659)(57,926)
Contract costs(433)(1,896)852 (3,059)
Lease liabilities(3,376)(3,338)(6,417)(7,108)
Prepaid expenses, prepaid income taxes, and other assets(16,378)(584)(22,334)(17,606)
Accounts payable, accrued expenses, income taxes payable and other liabilities11,404 4,523 (25,648)9,258 
Contract liabilities17,704 25,771 17,203 (10,959)
Net cash provided by operating activities38,136 29,827 33,739 46,808 
Cash flows from investing activities:
Purchases of property, equipment and leasehold improvements(1,111)(500)(3,133)(1,437)
Payments for business acquisitions, net of cash acquired(36,490)— (36,490)(8,273)
Payments for equity method investments(116)(423)(146)(521)
Payments for capitalized computer software development costs(634)(131)(634)(131)
Payments for asset acquisitions— — — (12,500)
Net cash used in investing activities(38,351)(1,054)(40,403)(22,862)
Cash flows from financing activities:
Issuance of shares of common stock, net of taxes4,731 4,635 10,993 7,920 
Repurchases of common stock(2,220)(72,105)(22,707)(186,329)
Payment of tax withholding obligations related to restricted stock(3,813)(11,905)(8,448)(13,843)
Net transfers (to) from Parent Company(29,256)64,865 (20,420)68,755 
Payments of debt issuance costs(705)— (812)— 
Net cash used in financing activities(31,263)(14,510)(41,394)(123,497)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(4,209)(4,050)(945)(10,905)
(Decrease) increase in cash, cash equivalents and restricted cash(35,687)10,213 (49,003)(110,456)
Cash, cash equivalents and restricted cash, beginning of period235,152 120,540 248,468 241,209 
Cash, cash equivalents and restricted cash, end of period$199,465 $130,753 $199,465 $130,753 
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents$181,814 $130,753 $181,814 $130,753 
Restricted cash in other non-current assets17,651 — 17,651 — 
Total cash, cash equivalents and restricted cash$199,465 $130,753 $199,465 $130,753 



ASPEN TECHNOLOGY, INC. AND SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Results of Operations and Cash Flows
(Unaudited)
Three Months Ended December 31,Six Months Ended December 31,
2024202320242023
(Dollars and Shares in Thousands, Except per Share Data)
Total expenses
GAAP total expenses (a)$294,569 $306,406 $606,411 $615,926 
Less:
Stock-based compensation (b)(14,582)(16,211)(29,396)(32,910)
Amortization of intangibles (c)(122,286)(121,565)(243,875)(243,152)
Acquisition and integration planning related fees(2,641)(125)(3,046)130 
Restructuring costs3
(484)— (8,210)— 
Non-GAAP total expenses$154,576 $168,505 $321,884 $339,994 
Income (loss) from operations
GAAP income (loss) from operations$8,986 $(49,243)$(86,979)$(109,455)
Plus:
Stock-based compensation (b)14,582 16,211 29,396 32,910 
Amortization of intangibles (c)122,286 121,565 243,875 243,152 
Acquisition and integration planning related fees2,641 125 3,046 (130)
Restructuring costs3
484 — 8,210 — 
Non-GAAP income from operations$148,979 $88,658 $197,548 $166,477 
Net income (loss)
GAAP net income (loss)$20,341 $(21,500)$(40,123)$(56,025)
Plus:
Stock-based compensation (b)14,582 16,211 29,396 32,910 
Amortization of intangibles (c)122,286 121,565 243,875 243,152 
Acquisition and integration planning related fees2,641 125 3,046 (130)
Restructuring costs3
484 — 8,210 — 
Less:
Income tax effect on Non-GAAP items (d)(29,234)(28,621)(59,436)(57,257)
Non-GAAP net income$131,100 $87,780 $184,968 $162,650 
Diluted income (loss) per share
GAAP diluted income (loss) per share$0.32 $(0.34)$(0.63)$(0.88)
Plus:
Stock-based compensation (b)0.23 0.25 0.46 0.51 
Amortization of intangibles (c)1.92 1.90 3.84 3.78 
Acquisition and integration planning related fees0.04 — 0.05 — 
Restructuring costs3
0.01 — 0.13 — 
Impact of diluted shares— 0.01 (0.01)0.01 
Less:
Income tax effect on Non-GAAP items (d)(0.46)(0.45)(0.93)(0.89)
Non-GAAP diluted income per share$2.06 $1.37 $2.91 $2.53 
Shares used in computing Non-GAAP diluted income per share63,638 64,008 63,590 64,343 
(3) AspenTech incurred restructuring costs as a result of its workforce reduction and Russian business exit, which were both announced in August 2024.


Three Months Ended December 31,Six Months Ended December 31,
2024202320242023
(Dollars in Thousands)
Free Cash Flow
Net cash provided by operating activities (GAAP)$38,136 $29,827 $33,739 $46,808 
Purchases of property, equipment and leasehold improvements(1,111)(500)(3,133)(1,437)
Payments for capitalized computer software development costs(634)(131)(634)(131)
Free cash flow (non-GAAP)$36,391 $29,196 $29,972 $45,240 
(a) GAAP total expenses
Total costs of revenue$94,264 $94,933 $189,711 $192,993 
Total operating expenses200,305 211,473 416,700 422,933 
GAAP total expenses$294,569 $306,406 $606,411 $615,926 
(b) Stock-based compensation expense was as follows:
Cost of license and solutions$578 $602 $1,129 $1,282 
Cost of maintenance893 729 1,780 1,217 
Cost of services and other1,430 360 2,475 858 
Selling and marketing2,382 2,707 5,312 5,649 
Research and development3,306 3,719 6,306 8,272 
General and administrative5,993 8,094 12,394 15,632 
Total stock-based compensation$14,582 $16,211 $29,396 $32,910 
(c) Amortization of intangible assets was as follows:
Cost of license and solutions$48,860 $48,035 $97,062 $96,070 
Selling and marketing73,426 73,552 146,813 147,082 
Total amortization of intangible assets$122,286 $121,587 $243,875 $243,152 
(d) The income tax effect on non-GAAP items for the three and six months ended December 31, 2024 and 2023, respectively, is calculated utilizing the Company’s combined US federal and state statutory tax rate as following:
U.S. Statutory Rate21.79 %21.79 %21.79 %21.79 %














v3.25.0.1
Cover Page
Feb. 04, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Feb. 04, 2025
Entity Registrant Name ASPEN TECHNOLOGY, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-41400
Entity Tax Identification Number 87-3100817
Entity Address, Address Line One 20 Crosby Drive,
Entity Address, City or Town Bedford,
Entity Address, State or Province MA
Entity Address, Postal Zip Code 01730
City Area Code 781
Local Phone Number 221-6400
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, $0.0001 par value per share
Trading Symbol AZPN
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001897982
Amendment Flag false
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