Bentley Systems Q2 Profit Jumps 11.5% on 12.8% Revenue Growth
BSY sits 25% above its 52-week low of $28.077.
Summary
Bentley Systems delivered a strong Q2, with GAAP net income rising 11.5% to $78.6M and revenue up 12.8% to $410.7M. Adjusted EPS of $0.35 handily beat the $0.22 GAAP figure from a year ago, signaling robust operational leverage. This follows a Q1 that also showed double-digit growth, reinforcing a consistent upward trend. The results validate the company's infrastructure software demand story and could prompt upward revisions to full-year estimates.
At the time of this announcement, BSY was trading at $34.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.9B. The 52-week trading range was $28.08 to $58.19. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.