Bentley Systems Inc Stock Price, News & Analysis

Bentley Systems, the infrastructure engineering software company (Nasdaq: BSY), reported strong fourth-quarter results for 2021, with revenues of $267.7 million, marking a 21.9% year-over-year increase. Subscription revenues rose 25.2% to $223.1 million. However, GAAP net income decreased to $38.6 million from $51.9 million in the previous year. The company announced a positive 2022 outlook, expecting revenues between $1,110 million and $1,140 million, a growth of 15% to 18%. Recent acquisitions, including Power Line Systems, aim to enhance its market position.

Bentley Systems, a leading infrastructure engineering software company, has declared a cash dividend of $0.03 per share for Q1 2022. This dividend is payable on March 15, 2022, to all stockholders of record as of March 8, 2022. Bentley Systems, which generates over $800 million annually and employs more than 4,000 staff globally, continues to provide innovative software solutions for infrastructure design and management.

Bentley Systems (NASDAQ: BSY) has successfully completed its acquisition of Power Line Systems for approximately $700 million in cash. Power Line Systems specializes in software for designing overhead electric power transmission lines. The acquisition, finalized with TA Associates, is expected to enhance Bentley's infrastructure engineering software portfolio. Bentley will provide a full-year financial outlook, including the impact of this acquisition, on March 1, 2022.

Bentley Systems (Nasdaq: BSY) announced promotions for Nicholas Cumins as COO and Werner Andre as CFO, effective January 2022, alongside CEO Greg Bentley's remarks on the positive impact of the U.S. Infrastructure Investment and Jobs Act. The company will report its fourth-quarter and full-year 2021 results and discuss its 2022 outlook on March 1, 2022, via a live webinar. Bentley Systems is focused on digital transformation in infrastructure engineering, with more than $800 million in annual revenues and a global presence in 172 countries.

Bentley Systems (Nasdaq:BSY) has acquired Advanced Resources and Risk Technology, LLC (AR2Tech), a Denver-based company specializing in geostatistical software. This acquisition enhances Seequent's capabilities in geostatistics, supporting its existing geological modeling solutions. The integration of AR2Tech's advanced algorithms is expected to improve workflows for mining, environmental sciences, and energy sectors, facilitating complex geospatial problem-solving. This strategic move aims to accelerate the development of new geostatistics solutions and expand Seequent's offerings.

Bentley Systems (Nasdaq:BSY) has announced the winners of the 2021 Going Digital Awards in Infrastructure, highlighting innovative projects in infrastructure design and construction. A total of 57 finalists were chosen from nearly 300 nominations by independent jury panels. The awards ceremony took place on December 2 during a virtual event. Notable winners include the New York State Department of Transportation for bridge work, and various projects from China, the U.S., and Russia. The full project descriptions will be featured in Bentley's 2021 Infrastructure Yearbook.

Bentley Systems, a leader in infrastructure engineering software, has announced the Year in Infrastructure 2021 Founders’ Honorees. Acknowledging 22 organizations and individuals, this initiative highlights significant contributions to infrastructure and environmental goals. The honorees were selected from 230 nominations, with awards given for categories such as ES(D)G Advocacy and Infrastructure IoT. Notably, the company generates over $800 million in annual revenue, employing more than 4,000 professionals globally.

Bentley Systems, a leading infrastructure engineering software company, announced a cash dividend of $0.03 per share for Q4 2021. The dividend is payable on December 16, 2021 to shareholders of record as of December 9, 2021. With over $800 million in annual revenues and a workforce of more than 4,000 employees, Bentley Systems provides innovative software solutions for the design and operation of infrastructure projects globally.

Bentley Systems (NASDAQ: BSY) announced a definitive agreement to acquire Power Line Systems for approximately $700 million. This move is expected to enhance BSY's software offerings in grid integration and capitalize on the growing demand for modern energy infrastructure. Power Line Systems, recognized for its profitability and cash flow, will operate within BSY’s Grid Integration Group upon closing. The acquisition aligns with market needs surrounding the Infrastructure Investment and Jobs Act, which promises $65 billion in funding.