NASDAQ$BSY
Bentley Systems, Incorporated · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Bentley Systems' Q2 2024 financial results were announced, demonstrating revenue growth and increased profitability.
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.
- Total revenues increased by 11.3% year-over-year, reaching $330.3 million.
- ARR grew to $1,215.9 million, representing a constant currency ARR growth rate of 11%.
- Net income per diluted share rose to $0.22, compared to $0.15 in the same period last year.
- Adjusted EPS increased to $0.31, up from $0.24 in the prior year.
Headline financials
Revenue & EPS history
Bentley Systems · Revenue · Quarterly
$330M
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
Bentley Systems' Q2 2024 financial performance positions the company solidly within its annual outlook range for ARR growth, profitability, and operating cash flow.
Tailwinds
- The company is within its annual outlook range for ARR growth.
- The company is within its annual outlook range for profitability.
- The company is within its annual outlook range for operating cash flow.
- Mainstay subscription revenues are exceeding expectations.
- Strong margins and operating cash flows throughout the first half.
Headwinds
- Year-over-year growth in total revenues is being impacted by the expected prevalence of lower non-recurring professional services.
- Cash flows from operations decreased to $62.6 million, compared to $80.6 million for the same period last year.
- The impact of the expected prevalence of lower non-recurring professional services for our Cohesive digital integrator
- Changes in operating assets and liabilities
- Acquisition expenses.
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 2024
-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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