Overview

* Bentley Systems Q2 2025 revenue rises 10.2%, beating analysts' expectations

* Adjusted EPS for Q2 2025 increases to $0.32 from $0.31 last year

* Co's operating margin dips to 23.2% from 24.3% last year

Outlook

* Bentley Systems ( BSY ) tracks towards 2025 outlook range

* Company highlights resilience amid global uncertainties

* Bentley Systems ( BSY ) plans share repurchases to offset dilution

* Company sees strong infrastructure investment driving growth

Result Drivers

* SUBSCRIPTION REVENUE - Subscription revenues increased by 12.1%, driven by strong demand for infrastructure engineering software

* ARR GROWTH - Annualized Recurring Revenues grew by 11.5% on a constant currency basis, reflecting strong retention and expansion

* INFRASTRUCTURE DEMAND - Co attributes growth to ongoing demand for infrastructure performance and resilience, per CEO Nicholas Cumins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $364.11 $363.60

Revenue mln mln (14

Analysts

)

Q2 Net $70.50

Income mln

Q2 EBIT $84.43

mln

Q2 Gross $295.33

Profit mln

Q2 $79.32

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Bentley Systems Inc ( BSY ) is $55.00, about 3.7% below its August 5 closing price of $57.05

* The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)