Overview

* Bentley Q3 2025 revenue grows 12% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 meets analyst expectations at $0.27

* Company highlights Infrastructure AI developments as key growth driver

Outlook

* Company did not provide specific financial guidance for future quarters

Result Drivers

* SUBSCRIPTION REVENUE - Subscriptions grew 13.5% yr/yr, driving overall revenue growth, with 92% of total revenues from subscriptions

* INFRASTRUCTURE AI - Co highlights AI developments as key growth driver, enhancing software value and consumption

* STRONG MARGINS - Operating income margin improved to 22.5% from 20.5% last year, reflecting strong execution

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $375.54 $369.40

Revenue mln mln (13

Analysts

)

Q3 Meet $0.27 $0.27

Adjusted (13

EPS Analysts

)

Q3 EPS $0.18

Q3 Net $57.28

Income mln

Q3 EBIT $84.49

mln

Q3 Gross $303.35

Profit mln

Q3 $83.70

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", 5 "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 $61.00, about 19.8% above its November 4 closing price of $48.95

* The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 46 three months ago

Press Release:

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(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.)