Welcome to our dedicated page for Bentley Systems news (Ticker: BSY), a resource for investors and traders seeking the latest updates and insights on Bentley Systems stock.
Bentley Systems, Incorporated (BSY) provides essential software solutions for infrastructure professionals worldwide. This dedicated news hub offers investors and industry stakeholders centralized access to official company updates and press releases.
Find timely information on earnings announcements, product innovations, and strategic partnerships shaping the infrastructure engineering sector. Our curated collection ensures you stay informed about BSY's advancements in digital modeling, asset management, and collaborative project delivery systems.
Bookmark this page for direct access to Bentley Systems' regulatory filings, executive insights, and technology milestones. Regular updates provide clarity on how the company addresses evolving challenges in public works, utilities, and construction ecosystems.
Bentley Systems unveiled its vision for open data ecosystems to advance infrastructure engineering at its Year in Infrastructure 2024 conference. CEO Nicholas Cumins emphasized the importance of open, flexible, and collaborative data sharing to address global infrastructure challenges. Bentley introduced its Base Infrastructure Schema, an open-source framework for structuring and organizing infrastructure data.
The company announced a partnership with Google to integrate geospatial data with Bentley's software, building on its recent acquisition of Cesium. Cumins highlighted AI as a paradigm shift for the industry, introducing OpenSite+ with generative AI capabilities and Bentley Asset Analytics, a new product portfolio leveraging AI for infrastructure asset management.
Bentley Systems has announced a strategic partnership with Google to integrate Google's high-quality geospatial content with Bentley's infrastructure engineering software and digital twin platform. This collaboration aims to improve infrastructure design, construction, and operation.
Key points of the partnership include:
- Integration of Google Maps Platform's geospatial content, including Photorealistic 3D Tiles, into Bentley software
- Collaboration with Google Cloud for AI-driven asset analytics insights
- Leveraging Bentley's recent acquisition of Cesium, creator of the 3D Tiles open standard used by Google
The partnership is expected to enhance digital workflows, address climate risk and aging infrastructure challenges, and improve project resilience and sustainability.
Bentley Systems (Nasdaq: BSY) has acquired 3D geospatial company Cesium, enhancing its digital twin capabilities. Cesium's open platform for 3D geospatial applications and its widely adopted 3D Tiles standard will be integrated with Bentley's iTwin Platform. This combination enables developers to create comprehensive digital twins of infrastructure networks and assets, offering enhanced visualization and decision-making tools.
The acquisition aims to provide a seamless alignment of 3D geospatial data with engineering, subsurface, IoT, reality, and enterprise data. Cesium's CEO, Patrick Cozzi, joins Bentley as chief platform officer. The move is expected to benefit clients like Komatsu, expanding their access to advanced digital twin technology for construction site monitoring and management.
Bentley Systems, Incorporated (Nasdaq: BSY), an infrastructure engineering software company, has announced a $0.06 per share dividend for the third quarter of 2024. This cash dividend will be payable on September 26, 2024, to all stockholders of record of Class A and Class B common stock as of the close of business on September 17, 2024. The declaration of this dividend by the Board of Directors demonstrates the company's commitment to returning value to shareholders and may indicate confidence in the company's financial stability and future prospects.
Bentley Systems (Nasdaq: BSY) has announced the finalists for the 2024 Going Digital Awards, showcasing innovative infrastructure projects worldwide. 36 finalists across 12 categories were selected from over 250 nominations from 36 countries. The winners will be revealed on October 9, 2024, at the JW Marriott Parq Vancouver during Bentley's Year in Infrastructure event.
The awards highlight projects utilizing advanced technologies like AI, digital twins, and immersive visualizations to enhance infrastructure development. Finalists represent diverse sectors including bridges, construction, facilities, power generation, rail, roads, structural engineering, and water management. The event celebrates the extraordinary work of Bentley's global users in advancing infrastructure for improved quality of life.
Bentley Systems (Nasdaq: BSY) reported strong Q2 2024 results with total revenues up 11.3% to $330.3 million. Subscription revenues grew 14.7% to $297.4 million, while Annualized Recurring Revenue (ARR) increased to $1,215.9 million, representing 11% constant currency growth. The company's operating income margin improved to 24.3% from 18.0% year-over-year, and adjusted EPS rose to $0.31 from $0.24.
Key growth drivers included Public Works/Utilities and North America, with rapid addition of new small and medium-sized accounts. The company highlighted traction in AI-based solutions for asset analytics. With the leadership transition, Greg Bentley became Executive Chair and Nicholas Cumins was promoted to CEO, expressing confidence in sustaining performance and exploring long-term growth initiatives.
Bentley Systems (Nasdaq: BSY) has been selected by the Pennsylvania Department of Transportation (PennDOT) for state-wide civil design solutions, extending their long-standing relationship. PennDOT has transitioned to Bentley's OpenRoads 3D design software and ProjectWise for CADD data management to support various engineering disciplines. This contract aims to accelerate infrastructure projects funded by the Infrastructure Investment and Jobs Act (IIJA).
Bentley has partnered with Pennsylvania firms Cedarville Engineering Group and Honor Engineer Company for this contract. PennDOT officials, including Secretary Mike Carroll, visited Bentley's headquarters to discuss the department's embrace of digital capabilities to improve project delivery.
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.
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.
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.
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