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Bentley Systems (BSY)
NASDAQ:BSY
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -7.50%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call presents a strong performance with significant progress in subscription revenue growth, strategic acquisitions, and organizational enhancements aimed at accelerating innovation. However, challenges persist in China and service revenue declines, indicating mixed macroeconomic conditions.Company Guidance
In the call, BSY provided a comprehensive overview of its financial accomplishments and strategic positioning. For fiscal year 2024, subscriptions comprised 90% of total revenue, indicating enhanced revenue visibility and consistency. The company achieved a 16.3% compound annual growth rate (CAGR) in constant currency subscription revenues and ARR, demonstrating robust growth. Notably, BSY's adjusted operating income, inclusive of stock-based compensation, grew by 20.4% CAGR, translating efficiently into free cash flow with a CAGR of 18.5%. Looking ahead, BSY forecasts a consistent outlook for 2025, targeting low double-digit ARR growth and a 100 basis point margin expansion. The company aims to double its subscription revenues and ARR from 2020 levels, with strong free cash flow generation of $450 million to $455 million. Despite challenges in China, BSY remains optimistic about its global demand environment, driven by infrastructure investments, AI initiatives, and strategic acquisitions like Cesium.Subscription Revenue Growth
Subscriptions increased to 90% of total revenues, with an annual growth rate of 16.3% in constant currency. This growth adds quality and consistency to the revenue stream.
Acquisition of Cesium
The strategic acquisition of Cesium in 2024 broadened BSY's platform ecosystem for geospatial digital twin developments, enhancing capabilities and offerings.
ARR and Free Cash Flow Improvement
ARR grew 12% year-over-year, with a net revenue retention rate at a high watermark of 110%. Free cash flow, net of stock-based compensation, has compounded at an annual growth rate of 18.5%.
Organizational Changes to Accelerate Innovation
New COO and structural reorganization to streamline product development and boost innovation, particularly in AI and asset analytics.
Global Demand Environment
Strong demand across most sectors and geographies, with significant growth drivers in public works utilities and robust infrastructure spending globally.
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BSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $45.60 | $44.54 | -2.32% |
| Nov 07, 2024 | $49.80 | $50.94 | +2.29% |
| Aug 06, 2024 | $44.61 | $47.38 | +6.21% |
| May 07, 2024 | $53.26 | $54.64 | +2.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bentley Systems (BSY) report earnings?
Bentley Systems (BSY) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Bentley Systems (BSY) earnings time?
Bentley Systems (BSY) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BSY EPS forecast?
BSY EPS forecast for the fiscal quarter 2025 (Q1) is 0.3.
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