Bentley Systems Full Year 2024 Earnings: In Line With Expectations

Bentley Systems (NASDAQ:BSY) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.35b (up 10% from FY 2023).
• Net income: US$234.8m (down 28% from FY 2023).
• Profit margin: 17% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.75 (down from US$1.05 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bentley Systems Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 5.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Bentley Systems that you should be aware of.

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