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

Bentley Systems Q3 revenue rises 9.3% to $335.2 million; GAAP EPS falls to $0.13

Mixed Impact 4 of 5 earnings Written later

Bentley Systems reported third-quarter 2024 revenue of $335.2 million, up 9.3% year over year, while GAAP diluted earnings per share fell to $0.13 from $0.16. The CFO said 2024 total revenue is expected at the lower end of the annual outlook range, though the company expects an increased cash flow outlook for the year.

Key points

  • Q3 2024 total revenues were $335.2 million, up 9.3% (9.1% in constant currency) from a year earlier.
  • Q3 GAAP diluted EPS was $0.13 versus $0.16; adjusted EPS was $0.24 versus $0.22.
  • CFO Werner Andre said 2024 total revenue growth is expected at the lower end of the annual outlook range, citing declines in Cohesive professional services for Maximo.
  • On October 18, 2024, the company entered into a five-year $1.3 billion revolving credit facility with a $500 million accordion feature.

The filing

CompanyBentley Systems (BSY)
Form8-K, current report
Filed with the SECNov 7, 2024, 7:05 AM ET
Accession number0001031308-24-000011

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 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 November 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.