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.

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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.

Bentley Systems, Incorporated (BSY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Bentley Systems, Incorporated (BSY) Upgraded to Buy: Here's What You Should Know

Bentley Systems Inc (NASDAQ: BSY) reported second-quarter FY21 revenue growth of 21% year-on-year to $222.9 million, beating the analyst consensus of $212.4 million. Segments: Revenues from Subscriptions rose 17.6% Y/Y to $185.5 million, Services increased 83% Y/Y to $26.1 million, and Perpetual licenses declined 8% Y/Y to $11.4 million.

Digitization, ARR Growth Help Bentley Clock 21% Q2 Revenue Growth; Raises FY21 Revenue Outlook

Bentley Systems' (BSY) CEO Greg Bentley on Q2 2021 Results - Earnings Call Transcript

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, 2021. Second Quarter 2021 Financial Results: Total revenues were $222.9 million, up 21.0% year-over-year; Subscriptions revenues were $185.5 million, up 17.6% year-over-year; Last twelve-month recurring revenues were $746.2 million, up 12.1% year-over-

Bentley Systems Announces Operating Results for the Second Quarter of 2021 and Updates Its 2021 Financial Outlook

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Seequent business unit has acquired Imago Inc, a developer of cloud-based software for the capture and management of geoscientific imagery. The acquisition will expand Seequent's technology solutions portfolio while boosting cloud capabilities to help geoscientists and engineers solve earth, environment, and energy challenges. Imago's cloud-based pl

Bentley Systems Announces Seequent's Acquisition of Imago

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 2021 operating results and its presentation at an upcoming investor conference. Second Quarter 2021 Operating Results Bentley Systems will release second quarter 2021 operating results, before the market opens, on Tuesday, August 10, 2021. A live Zoom video webinar of the event can be accessed at 8:15 a.m. Easte

Bentley Systems to Announce Second Quarter 2021 Operating Results; Presenting at an Upcoming Investor Conference

Bentley Systems Inc's (NASDAQ: BSY) Seequent business unit acquired Danish company Aarhus GeoSoftware, a geophysical software developer, for undisclosed financial terms. The acquisition extends Seequent's solutions for operational groundwater management and sustainability projects involving exploration, contaminants, and infrastructure resilience.

Bentley Systems' Seequent Acquires Geophysical Software Developer Aarhus GeoSoftware For Undisclosed Sum

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems announced that its Seequent business unit has acquired Danish company Aarhus GeoSoftware, a developer of geophysical software.

Bentley Systems Announces Seequent's Acquisition of Aarhus GeoSoftware

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, announced today the pricing of $500.0 million aggregate principal amount of convertible senior notes due 2027 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Bentley also granted the initial purchasers of the Notes an option to purchase up to an addit

Bentley Systems Announces Pricing of Convertible Senior Notes

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, today announced that it intends to offer $500.0 million aggregate principal amount of convertible senior notes due 2027 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Bentley also expects to grant the initial purchasers of the Notes a 13-day option t

Bentley Systems Announces Launch of Private Offering of Convertible Senior Notes

MENLO PARK, Calif. and CHRISTCHURCH,  New Zealand , June 21, 2021 /PRNewswire/ -- Accel-KKR, a leading technology-focused investment firm with over $10 billion in capital commitments, today announced that it has completed the sale of its majority interest in Seequent, a leader in software for geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration, to Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, for $900 million in cash considerations and approximately 3.1 million shares of BSY (approximately $200 million in value).

Accel-KKR Completes Sale of Majority Interest in Seequent

HAMILTON, N.J.--(BUSINESS WIRE)--Today, Dodge Data & Analytics and partner Bentley released the first of a two-part report series tied to digital technology strategies amongst civil contractors. This initial report titled, Going Digital: Modeling, Scheduling and Field/Project Management for Civil Construction SmartMarket Brief, takes a specific look at model-based technology and field/project management software. Its findings show that while there is a sizable opportunity for civil contract

Digital Tools Drive Improved Project Outcomes for Civil Contractors

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the completion of its acquisition of Seequent Holdings Limited, for approximately $900 million in cash (for a debt free business and subject to final working capital adjustments) plus 3,141,342 BSY Class B shares. When announcing its second quarter 2021 operating results (scheduled for August 10, 2021) Bentley Systems will update its full‑year 2021 financial

Bentley Systems Completes Acquisition of Seequent, Global Leader in 3D Modeling Software for the Geosciences

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of SPIDA Software.

Bentley Systems Announces Acquisition of SPIDA, Leader in Utility Pole Structure Management

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Skydio, the leading U.S. drone manufacturer and world leader in autonomous flight technology, today announced the general availability of its adaptive scanning software, Skydio 3D ScanTM. 3D ScanTM extends Skydio's groundbreaking autonomous flight engine with advanced artificial intelligence (AI) skills that automate photographic data collection and mapping tasks ranging from infrastructure asset inspection to crime and accident scene reconstruction. In ad

U.S. Autonomous Drone Maker Skydio Announces the General Availability of Skydio 3D Scan and Partners With Photogrammetry Leader Bentley Systems

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 second quarter of 2021. The cash dividend is payable on June 15, 2021 to all stockholders of record of Class A and Class B common stock as of the close of business on June 8, 2021. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We

Bentley Systems, Incorporated Declares Second Quarter 2021 Dividend

IIoT innovator sensemetrics recognized for connectivity and industrial sensor data advancements; bringing active risk management and safety solutions to infrastructure, mining and construction markets IIoT innovator sensemetrics recognized for connectivity and industrial sensor data advancements; bringing active risk management and safety solutions to infrastructure, mining and construction markets

sensemetrics Acquired by Bentley Systems, Inc. to Accelerate Infrastructure IoT

Bentley Systems, Incorporated (BSY) CEO Greg Bentley on Q1 2021 Results - Earnings Call Transcript

Bentley Systems Inc (NASDAQ: BSY) reported first-quarter FY21 revenue growth of 14% year-on-year to $222 million, beating the analyst consensus of $214.67 million. Total Subscriptions and licenses revenue rose 9.5% Y/Y to $198.2 million, with Subscriptions revenue increasing 10.5% Y/Y to $188.1 million, and Perpetual licenses revenue falling 6.5% Y/Y to $10.1 million.

Bentley Systems Beats On Q1 Earnings, Clocks 11% Recurring Revenue Growth

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 quarter ended March 31, 2021. First Quarter 2021 Financial Results: Total revenues were $222.0 million, up 14.0% year-over-year; Subscriptions revenues were $188.1 million, up 10.5% year-over-year; Last twelve-month recurring revenues were $716.9 million, up 10.7% year-over-year; Last twelve-mont

Bentley Systems Announces First Quarter 2021 Operating Results

Bentley Systems (BSY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Bentley Systems (BSY) This Earnings Season?

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated, (Nasdaq: BSY), the infrastructure engineering software company, today announced the Bentley Education program, which encourages the development of future infrastructure professionals for careers in engineering, design, and architecture. The Bentley Education program is initially available in the United Kingdom, Australia, Singapore, Ireland, and Lithuania, with plans to expand to the United States, Canada, Mexico, Latin America, and In

Bentley Systems Announces New Bentley Education Program, Putting Students on the Path to Infrastructure Careers

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems Announces Acquisitions of sensemetrics and Vista Data Vision, leading providers of software for Internet of Things (IoT) applications.

Bentley Systems Announces Acquisitions of sensemetrics and Vista Data Vision, Leaders Respectively in Software for Infrastructure Instrumentation and Sensor Management

EXTON, Pa.--(BUSINESS WIRE)--Bentley Acceleration Initiatives today announced the acquisition of Chennai, India-based Nadhi Information Technologies Pvt. Ltd., a specialist in project controls, analytics, and decision support for construction supply chains. Nadhi serves some of India's leading construction sector participants, including contractors Larsen & Toubro and Kalpataru Power Transmission Ltd., real estate developers Mahindra Lifespaces and RMZ, and owner-operators DMRC (Delhi Metro

Bentley Acceleration Initiatives Acquires Indian Project Controls Specialist Nadhi Information Technologies

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, announced today the date for the release of its first quarter 2021 operating results and its presentations at upcoming investor conferences. First Quarter 2021 Operating Results Bentley Systems will release first quarter 2021 operating results, before the market opens, on Tuesday, May 11, 2021. A live Zoom Video Webinar of the event can

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