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AI brief of an SEC Form 8-K · Bentley Systems (BSY)

Bentley Systems Q1 revenue rises 7.4% to $337.8 million; diluted EPS $0.22

Positive Impact 3 of 5 earnings Written later

Bentley Systems reported first-quarter 2024 revenue of $337.8 million, up 7.4% from a year earlier, with net income rising to $70.3 million from $45.5 million. The CFO said the strong start puts the company in a good position to achieve its full-year outlook, and the filing reiterates that COO Nicholas Cumins will succeed Greg Bentley as CEO on July 1.

Key points

  • Diluted EPS was $0.22 versus $0.14 a year earlier; adjusted EPS was $0.31 versus $0.25.
  • Operating income margin was 27.2% versus 20.9%, and cash flow from operations was $205.0 million versus $176.2 million.
  • Annualized recurring revenues reached $1,186.5 million, up 11% on a constant currency basis.
  • Last twelve-month dollar-based net retention rate was 108%, down from 110% a year earlier.

The filing

CompanyBentley Systems (BSY)
Form8-K, current report
Filed with the SECMay 7, 2024, 7:06 AM ET
Accession number0001031308-24-000003

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.