Stock Analysis
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- NasdaqGS:BSY
Bentley Systems Second Quarter 2024 Earnings: Beats Expectations
Bentley Systems (NASDAQ:BSY) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$330.3m (up 11% from 2Q 2023).
- Net income: US$72.0m (up 48% from 2Q 2023).
- Profit margin: 22% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.23 (up from US$0.16 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bentley Systems Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 11% 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 3.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Bentley Systems you should be aware of.
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About NasdaqGS:BSY
Bentley Systems
Provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.