earnings
confidence high
sentiment neutral
materiality 0.75
Bentley Systems Q4 revenue up 12.6%, ARR growth 12%; guides 2025 revenue $1.461-1.490B
BENTLEY SYSTEMS INC
2024-FY EPS reported
$0.72
revenue$1,353,095,000
- Q4 total revenues $349.8M (+12.6% YoY); subscriptions $315.6M (+15.8%); ARR $1,283.3M (12% constant currency growth).
- GAAP diluted EPS $0.16 (vs $0.54); adjusted EPS $0.21 (vs $0.20). Full-year GAAP EPS $0.72 (vs $1.00); adjusted EPS $1.07 (vs $0.91).
- Full-year operating margin improved to 22.3% from 18.8%; adjusted OI w/SBC margin 27.5% vs 26.4%.
- 2025 outlook: revenue $1.461-1.490B; constant currency ARR growth 10.5-12.5%; adjusted OI w/SBC margin ~28.5% (100 bps improvement).
- Increases quarterly dividend; amount and dates not specified in provided filing text.