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 Q1 2023

Earnings data Q2 2023

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

Bentley Systems and Genesys International Collaborate to Provide 3D Mapping Capabilities for Major Cities across India

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems Announces the Finalists in the 2022 Going Digital Awards in Infrastructure

Bentley Systems Announces the Finalists in the 2022 Going Digital Awards in Infrastructure

EXTON, Pa.--(BUSINESS WIRE)-- #engineering--Bentley Systems Announces Michael Campbell Joining as Chief Product Officer

Bentley Systems Announces Michael Campbell Joining as Chief Product Officer

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated Declares Third Quarter 2022 Dividend

Bentley Systems, Incorporated Declares Third Quarter 2022 Dividend

Autodesk

The investment thesis in my previous article - the long-term secular growth in construction, the need for digital technologies to improve productivity, and attractive risk-adjusted return characteristics - continue to hold. Despite a slowing economy, Autodesk and Bentley have continued to grow, and are poised to benefit from the increased demand in residential, industrial, warehouse, healthcare facilities, and infrastructure improvements.

Autodesk And Bentley: Near-Term Risks But Attractive Long-Term Upside

Bentley Systems, Incorporated (NASDAQ:BSY ) Q2 2022 Earnings Conference Call August 9, 2022 8:15 AM ET Company Participants Michael Fischette - Vice President, Deputy General Counsel Greg Bentley - Chief Executive Officer Claire Rutkowski - Chief Information Officer Nicholas Cumins - Chief Operating Officer David Hollister - Chief Investment Officer Werner Andre - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Joe Vruwink - Baird Matthew Broome - Mizuho Kristen Owen - Oppenheimer Andrew DeGasperi - Berenberg Michael Funk - BofA Kash Rangan - Goldman Sachs Michael Fischette Good morning, everyone. And thank you for joining us for Bentley Systems' Q2 2022 Operating Results webcast.

Bentley Systems, Incorporated (BSY) CEO Greg Bentley on Q2 2022 Results - Earnings Call Transcript

Bentley Systems, Incorporated (BSY) delivered earnings and revenue surprises of 29.41% and 0.04%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Bentley Systems, Incorporated (BSY) Q2 Earnings Surpass Estimates

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, today announced operating results for its second quarter and six months ended June 30, 2022. Second Quarter 2022 Financial Results Total revenues were $268.3 million, up 19.8% or 26.2% on a constant currency basis, year-over-year; Subscriptions revenues were $232.2 million, up 24.5% or 31.3% on a constant currency basis, year-over-year;

Bentley Systems Announces Operating Results for the Second Quarter of 2022

ZŰRICH, July 26, 2022  /PRNewswire/ -- Teralytics, the global platform for human mobility analysis, today announced it has acquired the Streetlytics mobility data business from Bentley Systems (Nasdaq: BSY), the infrastructure engineering software company. Streetlytics' team of mobility data analytics experts, led by industry veteran Michael Clarke, will boost Teralytics' capabilities and grow their presence in the North American market.

Teralytics Boosts North American Presence and Global Reach through the Acquisition of Streetlytics from Bentley Systems

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), wishes to recognize Texas Department of Transportation (TxDOT).

Managing More than 80,000 Miles of Roads, Texas DOT Implements a Digital Delivery Initiative for New Bridge Projects

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, announced today the date for the release of its second quarter 2022 operating results and its presentations at upcoming investor conferences. Second Quarter 2022 Operating Results Bentley Systems will release second quarter 2022 operating results, before the market opens, on Tuesday, August 9, 2022. A live Zoom video webinar of the event can be accessed at 8:15 a.m. EDT tha

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

Bentley Systems, Incorporated (BSY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Bentley Systems, Incorporated (BSY) Stock Jumps 5.1%: Will It Continue to Soar?

The consensus price target hints at a 28.1% upside potential for Bentley Systems, Incorporated (BSY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 28% Upside in Bentley Systems, Incorporated (BSY): Here's What You Should Know

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated Declares Second Quarter 2022 Dividend

Bentley Systems, Incorporated Declares Second Quarter 2022 Dividend

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems Announces BSY Stock Repurchase Program

Bentley Systems Announces BSY Stock Repurchase Program

Q1 2022 Earnings Conference Call May 10, 2022 8:15 AM ET Company Participants Greg Bentley – Chief Executive Officer Werner Andre – Chief Financial Officer Nicholas Cumins – Chief Operating Officer David Hollister – Chief Investment Officer Carey Mann – Vice President Investor Relations Conference Call Participants Joe Vruwink – Baird Matthew Hedberg – RBC Capital Markets Matthew Broome – Mizuho Securities Jason Celino – KeyBanc Capital Markets Kash Rangan – Goldman Sachs Carey Mann Good morning, everyone and thank you for joining us for Bentley Systems Q1, 2022 operating Results Webcast. I'm Carey Mann, Bentley's VP of Investor Relations.

Bentley Systems, Incorporated (BSY) CEO Greg Bentley on Q1 2022 Results - Earnings Call Transcript

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) today announced operating results for its first quarter ended March 31, 2022.

Bentley Systems Announces Operating Results for the First Quarter of 2022

Bentley Systems, not the Bentley Motors which most of us are familiar with, develops software for infrastructure design. The company has made a name for itself among the world's top engineering design firms which subscribe heavily to its software.

Bentley Systems: An Inflation-Proof IT Stock

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), announced today the date for the release of its first quarter 2022 operating results.

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

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), today announced its call for nominations for the 2022 Going Digital Awards in Infrastructure.

Bentley Systems Issues Call for Nominations for the 2022 Going Digital Awards in Infrastructure

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), today announced it has acquired Watertown, Massachusetts-based ADINA R & D Inc., (adina.com)

Bentley Systems Announces Acquisition of ADINA to Extend Nonlinear Simulation throughout Infrastructure Engineering

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems Recognized as the Microsoft Asia Pacific Region Social Impact – Sustainability Changemaker Partner of the Year

Bentley Systems Recognized as the Microsoft Asia Pacific Region Social Impact – Sustainability Changemaker Partner of the Year

Bentley Systems, Incorporated (BSY) CEO Greg Bentley on Q4 2021 Results - Earnings Call Transcript

Bentley Systems, Incorporated (BSY) delivered earnings and revenue surprises of 43.75% and 2.66%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Bentley Systems, Incorporated (BSY) Beats Q4 Earnings and Revenue Estimates

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, today announced operating results for its fourth quarter and full year ended December 31, 2021, and its financial outlook for 2022. Fourth Quarter 2021 Financial Results: Total revenues were $267.7 million, up 21.9% year-over-year; Subscriptions revenues were $223.1 million, up 25.2% year-over-year; Last twelve-month recurring revenues w

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