STOCK TITAN

Bentley Systems, Incorporated - BSY STOCK NEWS

Welcome to our dedicated page for Bentley Systems, Incorporated news (Ticker: BSY), a resource for investors and traders seeking the latest updates and insights on Bentley Systems, Incorporated stock.

Bentley Systems, Incorporated (symbol: BSY) is a global leader in providing comprehensive software solutions designed to support architects, engineers, geospatial professionals, constructors, and owner-operators in the design, construction, and operations of infrastructure. The company's offerings enable users to leverage information mobility across various disciplines and throughout the entire infrastructure lifecycle, ensuring better-performing projects and asset management.

Bentley's key products include MicroStation applications for information modeling, ProjectWise collaboration services for integrated project delivery, and AssetWise operations services to achieve intelligent infrastructure management. These solutions are complemented by Bentley's worldwide professional services and comprehensive managed services, ensuring robust support and service for users globally.

Bentley Systems is renowned for its strong commitment to its user community, delivering not just high-quality and integrated software solutions, but also pairing these products with exceptional service and support. The company offers a broad range of products via the cloud, desktop, and hybrid environments, catering to specific needs such as bridge and rail design.

Despite being relatively smaller than some of its peers, like Autodesk, Bentley Systems excels in its core specialty areas and has established a strong global presence. As of fiscal 2022, approximately 58% of the company's revenue was derived from outside the U.S., with significant contributions from regions such as EMEA (28%) and APAC (18%). The public works and utilities sector stands out as Bentley's largest end market, accounting for about two-thirds of the company's revenue.

With its focus on innovation and user-centric solutions, Bentley Systems continues to advance the infrastructure design and management industry, ensuring that its users can achieve unparalleled efficiency and performance in their projects.

Rhea-AI Summary

Bentley Systems (Nasdaq: BSY), an infrastructure engineering software company, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company's senior management will host a webcast at 8:15 a.m. ET to discuss the results. Investors and interested parties can access the results press release and webcast link on Bentley's investor relations website prior to the start of the webcast. A replay of the webcast will be available later the same day on the company's investor relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
Tags
-
Rhea-AI Summary

Nicholas Cumins has officially taken over as CEO of Bentley Systems (NASDAQ: BSY), succeeding Greg Bentley, who now serves as Executive Chair of the Board of Directors. Cumins is the first non-family member to lead the company in its 40-year history. The transition comes at a important time for the infrastructure sector, with a shortage of engineers to meet global sustainability goals and aging infrastructure needs. Cumins unveiled Bentley's vision for resilience in infrastructure, emphasizing AI-powered digital twin solutions to optimize asset performance and sustainability. Cumins brings significant experience from his previous roles, including COO of Bentley Systems since January 2022 and Chief Product Officer at SAP and OpenX.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
Rhea-AI Summary

Bentley Systems (Nasdaq: BSY) has declared a dividend of $0.06 per share for the second quarter of 2024.

The dividend will be payable on June 13, 2024, to all stockholders of Class A and Class B common stock as of June 4, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
Tags
dividends earnings
Rhea-AI Summary

Bentley Systems, Incorporated reported positive financial results for the first quarter of 2024, with total revenues of $337.8 million, a 7.4% increase year-over-year. Subscriptions revenues were up by 10.5%, reaching $307.1 million. The company's Annualized Recurring Revenues (ARR) grew by 11% to $1,186.5 million. Operating income margin improved to 27.2%, and adjusted operating income margin increased to 33.3%. Net income per diluted share rose to $0.22, while adjusted net income per diluted share was $0.31. Cash flows from operations also saw a significant increase to $205.0 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
Tags
-
Rhea-AI Summary
Bentley Systems, Incorporated (Nasdaq: BSY) issued a statement in response to market speculation by Schneider Electric. The company refrains from commenting on rumors or speculation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
none
-
Rhea-AI Summary
Topcon Positioning Systems partners with Bentley Systems and Worldsensing to integrate GNSS technology into innovative software solutions. The agreements aim to enhance workflows, operational gains, and decision-making in various industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
none
Rhea-AI Summary
Bentley Systems, Incorporated (BSY) will announce its Q1 2024 results on May 7, 2024. The webcast will be hosted by senior management at 8:15 a.m. ET. Investors can access the press release and webcast link on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
-
Rhea-AI Summary
Bentley Systems, Incorporated (Nasdaq: BSY) announced that COO Nicholas Cumins will be promoted to CEO effective July 1, 2024, as Greg Bentley transitions to Executive Chair. The company marked its 40th anniversary with this announcement, highlighting Cumins' extensive experience and Bentley's successful leadership. Cumins, a dual French and U.S. citizen, has a strong background in product management and corporate strategy, making him a fitting successor. Bentley expressed confidence in Cumins' ability to lead the company towards continued growth and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
-
Rhea-AI Summary
Bentley Systems, Incorporated (Nasdaq: BSY) announced its Q4 and full-year 2023 results, showing total revenues of $310.6 million for Q4 and $1,228.4 million for the full year. The company reported an increase in subscription revenues, ARR growth of 12.5%, and a net income per diluted share of $1.00 for 2023. The 2024 financial outlook includes total revenues in the range of $1,350 million to $1,375 million and constant currency growth of 10% to 12%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.77%
Tags
Rhea-AI Summary
Bentley Systems, Incorporated (Nasdaq: BSY) will release its Q4 and full year 2023 results on February 27, 2024. A webcast will be hosted by senior management to discuss the results at 8:15 a.m. ET. The press release and webcast link will be available on the company’s investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags

FAQ

What does Bentley Systems, Incorporated do?

Bentley Systems provides software solutions for architects, engineers, geospatial professionals, constructors, and owner-operators to enhance the design, construction, and operations of infrastructure.

What are the key products offered by Bentley Systems?

Key products include MicroStation for information modeling, ProjectWise for project collaboration, and AssetWise for operations services.

What sectors does Bentley Systems, Incorporated serve?

Bentley Systems serves sectors such as public works and utilities, with a strong focus on infrastructure design and management.

How does Bentley Systems support its users?

Bentley Systems pairs its comprehensive software solutions with exceptional service and support, offering professional and managed services globally.

Where does Bentley Systems generate most of its revenue?

As of fiscal 2022, approximately 58% of Bentley Systems' revenue was derived from outside the U.S., with significant contributions from the EMEA and APAC regions.

What distinguishes Bentley Systems from its competitors?

Bentley Systems excels in specialty areas like bridge and rail design, and offers robust support and integrated solutions, despite being smaller than some competitors.

How does Bentley Systems deliver its solutions?

Bentley Systems delivers its solutions via the cloud, desktop, and hybrid environments.

What is Bentley Systems' largest end market?

The public works and utilities sector is Bentley Systems' largest end market, representing about two-thirds of its revenue.

What is Bentley Systems' commitment to its user community?

Bentley Systems is committed to delivering high-quality software solutions paired with exceptional service and support to its user community.

How does Bentley Systems ensure better project performance?

Bentley Systems enables information mobility across disciplines and throughout the infrastructure lifecycle, ensuring better-performing projects and asset management.

Bentley Systems, Incorporated

Nasdaq:BSY

BSY Rankings

BSY Stock Data

14.54B
288.46M
46.53%
43.36%
3.28%
Software Publishers
Information
Link
United States of America
EXTON