Bentley Systems

Bentley Systems, Inc. engages in the provision of software solutions for infrastructure engineering, enabling the work of civil, structural, geotechnical, plant engineering practitioners, project delivery enterprises, and owner-operators of infrastructure assets. It offers bridge analysis, building design, civil design, construction, mine design, modeling and visualization, plant design, site analysis, and structural analysis. The firm serves the engineers, architects, geospatial professionals, constructors, and owner-operators. The company was founded by Raymond B. Bentley, Gregory S. Bently, Keith Arthur Bentley, and Barry J. Bentley in 1984 and is headquartered in Exton, PA.

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Bentley Systems reports resilient Q4 performance amid geopolitical challenges

Bentley Systems showcased strong performance amidst geopolitical challenges, emphasizing growth opportunities in key markets like India and the US. The company's strategic focus on new business initiatives, digital twin technology, and acquisitions positions it well for future growth and innovation.

Bentley Systems excels in Q1 2023, eyes China growth and strategic acquisitions

Bentley Systems reported strong Q1 2023 results, with notable performance metrics and positive industry sentiment. The company's strategic focus on China, growth in infrastructure sectors, and emphasis on acquisitions position it well for future growth. Challenges in the commercial facilities segment and potential headwinds in China require careful monitoring, while legislative developments and de-leveraging efforts offer promising opportunities.

Bentley Systems reports solid Q2 performance amidst growth challenges

Bentley Systems delivered strong Q2 results with revenue growth driven by subscriptions and balanced business performance.
Challenges in ARR outlook due to China's impact and workforce capacity constraints are being mitigated by positive business momentum.
Opportunities lie in market expansion in India, digital investments, and strategic positioning for future growth and customer experience.
Overall, Bentley Systems' performance reflects resilience amidst challenges and a strategic focus on leveraging market strengths for growth.

Bentley Systems reports robust Q3 growth and eyes digital expansion

Bentley Systems' Q3 2023 performance reflects strong financial results, driven by recurring revenue streams and operational efficiency.
The company's focus on infrastructure intelligence, digital delivery, and AI presents promising growth opportunities in diverse sectors.
Despite challenges in certain sectors and external financing dynamics, Bentley Systems is strategically positioned for continued expansion and innovation.

Bentley Systems excels in Q4 2023, eyes AI opportunities for growth

Bentley Systems delivered a strong financial performance in Q4 2023 and full-year 2023, driven by subscription revenues and operational efficiency improvements.
While facing challenges from market-specific impacts and seasonality, Bentley's focus on asset analytics, AI opportunities, and digital twins positions the company for future growth.
Opportunities in AI priorities, infrastructure innovation, and ecosystem-friendly platforms present avenues for strategic expansion and sustained ARR growth in 2024.

Bentley Systems reports strong Q1 earnings, eyes engineering sector growth

Bentley Systems reports solid Q1 performance with revenue and income growth.
The company faces challenges in Professional Services revenue and portfolio simplification.
Opportunities lie in addressing resource capacity gaps and strategic investments.
Overall, Bentley Systems remains well-positioned for future growth and innovation.

Bentley Systems reports robust Q2 results amidst AI-driven growth

Bentley Systems delivered strong Q2 2024 results, driven by subscription revenue growth and a focus on AI-driven solutions for asset analytics.
Despite challenges from China and the Cohesive business segment, the company remains confident in its double-digit ARR growth and market positioning.
With a strong performance in North America and opportunities in expanding market segments, Bentley is poised for continued growth and innovation.

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Bentley Systems, Inc. engages in the provision of software solutions for infrastructure engineering, enabling the work of civil, structural, geotechnical, plant engineering practitioners, project delivery enterprises, and owner-operators of infrastructure assets. It offers design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. The firm serves engineers, architects, geospatial professionals, constructors, and owner-operators. The company was founded by Raymond B. Bentley, Gregory S. Bently, Keith Arthur Bentley, and Barry J. Bentley in 1984 and is headquartered in Exton, PA.

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, today announced forthcoming retirements

Bentley Systems Announces Retirement of Founder Keith Bentley and Promotion of Julien Moutte to Chief Technology Officer

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced it has acquired EasyPower, a leading developer of design and analysis software tools, including arc flash solutions, for electrical engineering professionals. Since its founding in 1984, Portland, Oregon-based EasyPower has innovatively combined graphics-based modeling and analysis in order to make solving complex electrical engineering problems ever more straightforward and accessible.

Bentley Systems Announces Acquisition of EasyPower®, Leader in Power Systems Engineering Software

EXTON, Pa.--( BUSINESS WIRE )--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company today announced that it will release its fourth quarter and full year 2022 operating results, as well as discuss its 2023 outlook, before the market opens on Tuesday, February 28, 2023.

Bentley Systems to Announce Fourth Quarter and Full Year 2022 Operating Results, and Its 2023 Financial Outlook

EXTON, Pa.--( BUSINESS WIRE )--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors increased by two cents the regular quarterly dividend effective from the first quarter of 2023 and declared a $0.05 per share dividend for the first quarter of 2023. The cash dividend is payable on March 7, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on February 21, 2023.

Bentley Systems, Incorporated Declares First Quarter 2023 Dividend

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There will be increasing spending in infrastructure due to various underlying drivers. BSY stands out by offering comprehensive solutions that cover the entire lifecycle of an infrastructure project.

Bentley Systems: Benefiting From The Digitalization In The Infrastructure Space

EXTON, Pa.--( BUSINESS WIRE )--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Brock Ballard, previously vice president and regional executive, Americas, has been promoted to the role of Chief Revenue Officer, and that Eric Boyer has joined as Investor Relations Officer. Ballard succeeds newly retired Gus Bergsma who joined with Bentley Systems' acquisition of RAM International in 2005.

Bentley Systems Announces Promotion of Brock Ballard to Chief Revenue Officer and Eric Boyer Joining as Investor Relations Officer

VANCOUVER, BC , Dec. 9, 2022 /PRNewswire/ - Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB: MVAIF) ("Minerva" or the "Company"), an artificial intelligence software company focused on building decision support tools for climate risk, is pleased to announce that the Company has completed its previously announced sale of the geology division including the DRIVER software platform to Bentley Systems, Incorporated (Nasdaq: BSY) ("Bentley") for Seequent, The Bentley Subsurface Company for $1 million CAD. Scott Tillman, CEO & Director of Minerva stated: "With DRIVER in great hands we can now turn our focus to climate risk reporting and adaptation.

Minerva Announces Closing of Sale of Geology Division

VANCOUVER, BC , Dec. 5, 2022 /PRNewswire/ - Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB: MVAIF) ("Minerva" or the "Company"), an artificial intelligence software company focused on building decision support tools for climate risk, mineral exploration and mining is pleased to announce that the Company has entered into a definitive agreement with Bentley Systems, Incorporated (Nasdaq: BSY) ("Bentley") for Seequent, The Bentley Subsurface Company, to acquire Minerva's geology division including the DRIVER software platform, for $1 million CAD. Scott Tillman, CEO & Director of Minerva stated: "DRIVER and our entire geology division has built a world class tool over the past three years, and I am so proud of the team and what they have accomplished.

Minerva to Focus on Climate Risk Platform climate85 and Announces Sale of Geology Division

EXTON, Pa.--( BUSINESS WIRE )--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Cohesive Group digital integrator business has acquired Vetasi, a leading international consultancy specializing in enterprise asset management (EAM) solutions, with a strong focus on IBM Maximo.

Digital Integrator Cohesive Group Acquires Vetasi, Leading Provider of IBM Maximo Managed Services

EXTON, Pa.--( BUSINESS WIRE )--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.03 per share dividend for the fourth quarter of 2022. The cash dividend is payable on December 8, 2022 to all stockholders of record of Class A and Class B common stock as of the close of business on November 30, 2022.

Bentley Systems, Incorporated Declares Fourth Quarter 2022 Dividend

LONDON--( BUSINESS WIRE )--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the winners of the 2022 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world.

Bentley Systems Announces Winners of the 2022 Going Digital Awards in Infrastructure

LONDON--( BUSINESS WIRE )--At the 2022 Year in Infrastructure Conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced new capabilities of its iTwin Platform, significantly extending the scope and interoperability of infrastructure data that engineering firms and owner-operators can use to create and leverage digital twins in design, construction, and operations workflows.

Bentley Systems Launches iTwin Experience, iTwin Capture, and iTwin IoT to Extend iTwin Platform

LONDON--( BUSINESS WIRE )--At the 2022 Year in Infrastructure Conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced Bentley Infrastructure Cloud, its combination of enterprise systems that span the end-to-end lifecycle and value chain of the world's infrastructure. Powered by the iTwin Platform and Bentley's infrastructure schemas and thus seamlessly integrating with Bentley's engineering applications, Bentley Infrastructure Cloud will enable better creation, delivery, and ongoing operation of better infrastructure, through complete and evergreen digital twins.

Bentley Systems Announces Bentley Infrastructure Cloud, Powered by iTwin

Bentley Systems, Incorporated (NASDAQ:BSY ) Q3 2022 Earnings Conference Call November 8, 2022 8:15 AM ET Company Participants Michael Fischette - Vice President and Deputy General Counsel Gregory Bentley - Chief Executive Officer Nicholas Cumins - Chief Operating Officer Katriona Lord-Levins - SVP and Chief Success Officer David Hollister - Chief Investment Officer Werner Andre - Chief Financial Officer Conference Call Participants Matthew Broome - Mizuho Securities Joseph Vruwink - Robert W. Baird Matthew Hedberg - RBC Capital Markets Kristen Owen - Oppenheimer & Co. Gal Munda - Wolfe Research Andrew DeGasperi - Berenberg Capital Markets Michael Funk - Bank of America Michael Fischette Good morning, everyone, and thank you for joining us for Bentley Systems' Operating Results Webcast for the Third Quarter of 2022.

Bentley Systems, Incorporated (BSY) Q3 2022 Earnings Call Transcript

EXTON, Pa.--( BUSINESS WIRE )--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced advancements to its construction management solution with enhancements to SYNCHRO 4D and the addition of SYNCHRO Cost and SYNCHRO Perform applications. The new advancements and portfolio expansion enable construction firms to transform how they plan, manage, and execute their projects.

Bentley Systems Enhances SYNCHRO Construction Management Solution with New Capabilities and Applications

Bentley Systems, Incorporated (BSY) delivered earnings and revenue surprises of 11.76% and 0.22%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Bentley Systems, Incorporated (BSY) Q3 Earnings Beat Estimates

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) today announced operating results for its third quarter ended September 30, 2022.

Bentley Systems Announces Operating Results for the Third Quarter of 2022

EXTON, Pa.--(BUSINESS WIRE)-- #engineering--Bentley Systems Announces Integration of EC3 with the Bentley iTwin Platform for Infrastructure Carbon Calculation

Bentley Systems Announces Integration of EC3 with the Bentley iTwin Platform for Infrastructure Carbon Calculation

Bentley Systems, Incorporated (BSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bentley Systems, Incorporated (BSY) Reports Next Week: What You Should Expect

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems announced the date for the release of its third quarter 2022 operating results and its presentations at upcoming investor conferences.

Bentley Systems to Announce Third Quarter 2022 Operating Results; Presenting at Upcoming Investor Conferences

EXTON, Pa. & SAKAI, Japan--(BUSINESS WIRE)--FUKUI COMPUTER Partners with Bentley Systems to Promote Digital Transformation in Japan's Infrastructure Field

FUKUI COMPUTER Partners with Bentley Systems to Promote Digital Transformation in Japan's Infrastructure Field

With 3DFT, its new 3D streaming codec for the infrastructure metaverse, Bentley Systems aims to achieve lossless transmission of formats.

How Bentley Systems' 3DFT could conquer the infrastructure metaverse

EXTON, Pa., & MUMBAI, India--(BUSINESS WIRE)-- #engineering--Bentley Systems and Genesys International Collaborate to Provide 3D Mapping Capabilities for Major Cities across India

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