Bentley Systems reported a strong performance for Q4 and full-year 2024, with total revenues reaching $1.35 billion, up 10.1% from the previous year. Subscription revenues grew by 13.2%, and the annualized recurring revenue reached $1.28 billion. Net income per diluted share was $0.72 for the year, compared to $1.00 in 2023. Adjusted EPS increased to $1.07 from $0.91.
For 2025, Bentley expects total revenues between $1.46 billion and $1.49 billion, with subscription revenue growth of 10.5% to 12.5%. The company plans to maintain double-digit ARR growth, improve operating income margins, and generate free cash flows between $415 million and $455 million. A quarterly dividend increase to $0.07 per share was announced.
WS Investor
2025-02-26
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