Bentley Systems Earnings Reports

Bentley Systems reported total revenues of $349.8 million for Q4 2024, a 12.6% increase year-over-year. The company achieved an adjusted EPS of $0.21 and an operating income margin of 17.6%. Subscription revenues drove growth, increasing by 15.8% compared to the prior year.

Bentley Systems reported a 9.3% increase in total revenues, reaching $335.2 million, and a 12% constant currency ARR growth. The company also announced the acquisition of Cesium and a strategic partnership with Google, while delivering strong quarterly operating results.

Bentley Systems reported strong Q2 2024 results, with total revenues up 11.3% year-over-year to $330.3 million and ARR reaching $1,215.9 million. The company's performance was driven by growth in subscriptions revenue and strong margins.

Bentley Systems reported a 7.4% increase in total revenues, reaching $337.8 million for Q1 2024. The company's ARR grew by 11% to $1,186.5 million, and adjusted EPS increased to $0.31. Profitability and operating cash flow exceeded expectations, positioning the company well for the full year.

Bentley Systems announced its Q4 and full year 2023 results, showcasing an 8.3% increase in total revenues for the quarter, reaching $310.6 million. The company's ARR grew by 12.5%, and it reported a net income per diluted share of $0.54, significantly up from $0.08 in the same period last year. The company's financial outlook for 2024 reflects confidence in sustaining consistent organic growth and operating margin improvement.

Bentley Systems reported a 14.3% increase in total revenues, reaching $306.6 million. ARR grew by 12.5% to $1,124.8 million. The company's adjusted EPS was $0.22, compared to $0.19 in the same period last year, and operating cash flow increased to $72.8 million.

Bentley Systems reported a 10.6% increase in total revenues, reaching $296.7 million, with subscription revenues up by 11.7%. The company's ARR grew to $1,105.9 million, representing a 13% constant currency growth rate. Adjusted EPS was reported at $0.24, compared to $0.23 in the same period last year.

Bentley Systems reported strong operating results for Q1 2023, demonstrating resilience in end-markets and predictability in its business model. ARR growth accelerated to 13%, and total revenues increased by 14.1%. The company met expectations for adjusted operating income inclusive of stock-based compensation expense margin and experienced a strong cash flow quarter.

Bentley Systems reported Q4 2022 total revenues of $286.9 million, up 7.2% year-over-year, and ARR of $1,036.5 million, representing a 15% constant currency ARR growth rate. The company's adjusted EPS was $0.19, compared to $0.22 for the same period last year.

Bentley Systems reported a 6.7% increase in total revenues, reaching $268.3 million. The company's ARR grew to $983.7 million, with a constant currency ARR growth rate of 14%. GAAP net income improved to $37.0 million, a significant turnaround from the previous year's net loss.

Bentley Systems reported total revenues of $268.3 million, a 19.8% increase year-over-year, with subscription revenues up 24.5% to $232.2 million. GAAP net income increased to $55.7 million, or $0.17 per diluted share.

Bentley Systems reported total revenues of $275.5 million, up 24.1% year-over-year, and ARR of $962.6 million, representing a constant currency ARR growth rate of 27%. The company's results were impacted by consequences related to Russia and ARR attrition within China.

Bentley Systems reported a strong Q4 2021 with a 21.9% year-over-year increase in total revenues, reaching $267.7 million. The company's ARR grew significantly, and it provided a positive financial outlook for 2022, including revenue and Adjusted EBITDA growth.

Bentley Systems reported a 23.7% year-over-year increase in total revenues, reaching $248.5 million (or $251.4 million adjusted). The company's ARR grew to $903.8 million, with a constant currency ARR growth rate of 26%. A GAAP operating loss of $40.4 million was reported due to a one-time compensation charge.

Bentley Systems announced operating results for the second quarter and six months ended June 30, 2021. Total revenues were $222.9 million, up 21.0% year-over-year. GAAP net income was $44.9 million, compared to $39.1 million for the same period last year.

Bentley Systems reported a 14% year-over-year increase in total revenues, reaching $222.0 million for Q1 2021. The company's GAAP net income rose to $57.0 million, with adjusted EBITDA reaching $82.8 million.

Bentley Systems reported an 8.2% year-over-year increase in total revenues for Q4 2020, reaching $219.6 million. GAAP net income increased to $51.9 million, or $0.17 per diluted share, compared to $36.3 million, or $0.13 per diluted share, for the same period last year. The company's ARR grew to $752.7 million, representing a constant currency ARR growth rate of 8%.