NASDAQ$BSY
Bentley Systems, Incorporated · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Bentley Systems' performance was highlighted by the inclusion of Seequent, uptrends in ARR and new business, and continued upward inflections in SMB subscriptions.
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.
- Total revenues were $222.9 million, up 21.0% year-over-year.
- Subscriptions revenues were $185.5 million, up 17.6% year-over-year.
- ARR was $882.4 million as of June 30, 2021, representing a constant currency ARR growth rate of 23% from June 30, 2020.
- GAAP net income was $44.9 million, compared to $39.1 million for the same period last year.
Headline financials
Revenue & EPS history
Bentley Systems · Revenue · Quarterly
$223M
Revenue by segment
Bentley Systems · $35.9M total across 2 segments · Q3 2023
- Services$24M+1.7%66.9%
- Perpetual Licenses$11.9M+25.7%33.1%
Forward guidance
The Company updated its full-year financial outlook for the year ending December 31, 2021, reflecting first half performance, current business developments, and notably, the Seequent acquisition.
Tailwinds
- Total revenues $945 – $960 million
- Constant currency ARR growth rate 22% – 24%
- Adjusted EBITDA $305 – $310 million
- Effective tax rate <15%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.5%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+4.0%
Avg return
30 days after
55%
16 / 29 earnings
Positive
+14.2%
Q4 2025
Best reaction
-23.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.8% | +1.8% | +2.6% | |
| Q4 2025 | +14.2% | +19.3% | +7.0% | |
| Q3 2025 | -1.0% | -5.4% | -11.8% | |
| Q1 2025 | +5.6% | +9.0% | +13.7% | |
| Q4 2024 | -2.3% | -6.2% | -13.1% | |
| Q3 2024 | -2.7% | -1.1% | -0.4% | |
| Q2 2024 | +4.6% | +8.0% | +8.6% | |
| Q1 2024 | +1.5% | +3.6% | -5.9% | |
| Q4 2023 | -3.2% | -2.5% | -0.5% | |
| Q3 2023 | +7.0% | +8.1% | +5.5% | |
| Q2 2023 | -6.2% | -8.4% | -2.5% | |
| Q1 2023 | +9.1% | +7.1% | +19.0% | |
| Q4 2022 | +1.7% | +8.3% | +7.8% | |
| Q3 2022 | +1.7% | +14.4% | +16.3% | |
| Q2 2022 | +1.1% | +1.1% | -6.0% | |
| Q1 2022 | -23.4% | -11.3% | -5.4% | |
| Q4 2021 | +6.1% | -0.9% | +15.1% | |
| Q3 2021 | -5.5% | -5.9% | -21.3% | |
| Q2 2021 | -3.6% | -1.2% | +6.6% | |
| Q1 2021 | +8.1% | +9.5% | +39.6% | |
| Q1 2020 | +8.1% | +9.5% | +39.6% | |
| Q4 2020 | +3.8% | +6.0% | +7.7% | |
| Q2 2020 | +3.8% | +6.0% | +7.7% | |
| Q4 2018 | +3.8% | +6.0% | +7.7% | |
| Q3 2019 | -10.2% | -12.5% | -4.2% | |
| Q2 2019 | -10.2% | -12.5% | -4.2% | |
| Q3 2020 | -10.2% | -12.5% | -4.2% | |
| Q4 2019 | -10.2% | -12.5% | -4.2% | |
| Q1 2019 | -10.2% | -12.5% | -4.2% |
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