05:46 PM EDT, 09/17/2024 (MT Newswires) -- Aspen Technology ( AZPN ) said late Tuesday it is reaffirming its outlook for fiscal 2025 as it held its 2024 Investor Day.

In August, the company said it expected fiscal 2025 non-GAAP net income of about $7.47 per share on revenue of $1.19 billion.

Analysts surveyed by Capital IQ expect $7.46 and $1.19 billion, respectively.

"Looking ahead, we are confident in our ability to achieve strong ACV growth while driving steady margin expansion to deliver mid-teens free cash flow growth," Chief Financial Officer David Baker said. ACV refers to annual contract value.