Bentley Systems IncBSY
▼ NegativeCapitalrelevance
Revenue slightly missed estimates and stock drew modestly negative response despite EPS beat.
Impact on stocks 1
Cloud & Digital Infrastructure
Bentley Systems IncBentley Systems reported second-quarter results that met revenue expectations and beat profit forecasts, but the stock drew a modestly negative market response. Revenue rose 12.8% year over year to $410.7 million, just shy of the $411.6 million analyst estimate, while adjusted EPS of $0.35 beat the $0.32 consensus. Management cited strong demand in public works, utilities, and mining, and highlighted healthy backlogs for small and mid-sized businesses. During the earnings call, analysts focused on sustaining ARR growth, AI monetization timelines, and the impact of permitting reform on PLS growth.
Bentley Systems IncRevenue slightly missed estimates and stock drew modestly negative response despite EPS beat.