Bentley Systems sees FY25 revenue $1.46B-$1.49B, consensus $1.5B

Sees FY25 free cash flows $415M-$455M. Sees FY25 free cash flows $415M-$455M. CFO Werner Andre said, “We are pleased with our finish to a solid year of financial performance, delivering resilient ARR growth, our anticipated annual margin expansion, and continued above expectations free cash flow conversion. We also continued to improve the quality of our revenues, now 91% recurring after the year’s 13% growth in subscription revenues, while professional services revenues declined to 6% of total revenues mainly due to a lower volume in Cohesive’s MAXIMO related work. Our 2025 outlook is consistent with our 2024 results and our sustained execution and expectation of annual double-digit ARR growth, 100 basis-points expansion of adjusted operating income with SBC margin, and directly efficient free cash flow conversion. Our capital allocation will also stay the course, as we undertake to buy back shares to offset dilution from stock-based compensation and to annually raise our modest dividend.”