welcome today. everyone and joining Brian, us Thanks, to
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assumptions. macro following the reflects guidance This
XXXX. muted First, we with similar and more expect environment. growth in sustainability of saw the remain half end to market in This we utilities demand fiscal a to trends energy, second and strength moderate CapEx continued includes largely chemicals what
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moment. be $XXX For we address million I note stronger our than approximately fiscal factors to free will expect meaningfully cash flow, that in indicates cash would underlying flow growth free a we fiscal that to Dave XXXX. guidance several expect in in due onetime XXXX
year-over-year. Finally, we aim expenses to flat deliver
further on traction to As the commitment best-in-class area expense beginning, profitability fiscal this a leading at second the in emphasizes solid this half XXXX established fiscal I plan And touched of we in XXXX. business. our
the related As in have streamline additional identified XXXX, to quarter resources a part of of organization efforts, workforce these we approximately of including and further reduction Today, exit. our X% AspenTech. align the actions fiscal we to first announced opportunities across Russia
easy employees the make, supporting and the of our for years.
With I want appropriate them employees the severance and over to help to contributions are These financial results. will type their on turn for I of decisions We to and in service opportunities. are services company, it to with packages transition other never departing new AspenTech thank to to impacted that, their all over Dave of a Dave? review behalf
