Bentley Systems Q1 revenue $337.8M, up 7.4% YoY; CEO transition to Cumins on July 1

BENTLEY SYSTEMS INC

2024-Q1 EPS reported $0.22 revenue$337,763,000

Total revenues $337.8M (+7.4% YoY); subscription rev $307.1M (+10.5%); ARR $1,186.5M (+11% constant currency).
GAAP EPS $0.22 vs $0.14; adjusted EPS $0.31 vs $0.25; operating cash flow $205.0M vs $176.2M.
CEO Greg Bentley becomes Executive Chair; COO Nicholas Cumins to succeed as CEO on July 1, 2024.
Full-year 2024 outlook reaffirmed; profitability and cash flow ahead of expected pace.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BENTLEY SYSTEMS INC reported first quarter ended March 31, 2024 results: revenue $337.8 million, EPS $0.22.

Period: first quarter ended March 31, 2024
Revenue: $337.8 million
EPS: $0.22
Result: reported results

Exact text from the filing

BSY), the infrastructure engineering software company, today announced results for its first quarter ended March 31, 2024. First Quarter 2024 Results • Total revenues were $337.8 million, up 7.4% or 7.2% on a constant currency basis, year-over-year; • Subscriptions revenues were $307.1 million, up 10.5% or 10.3% on a constant currency basis, year-over-year; •

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Source: SEC EDGAR

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