Bentley Systems Announces First Quarter 2021 Operating Results

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Go back to Bentley Systems Announces First Quarter 2021 Operating Results

Bentley Systems Inc. (BSY) Tops Q1 EPS by 4c, Revenues Beat

May 11, 2021 7:31 AM EDT

Bentley Systems Inc. (NASDAQ: BSY) reported Q1 EPS of $0.20, $0.04 better than the analyst estimate of $0.16. Revenue for the quarter came in at $222 million versus the consensus estimate of $215.13 million.

First Quarter 2021 Financial Results:

Total revenues were $222.0 million, up 14.0% year-over-year;Subscriptions revenues were $188.1 million, up 10.5% year-over-year;Last twelve-month recurring revenues were $716.9 million, up 10.7% year-over-year;Last twelve-month recurring revenues dollar-based net retention rate was 107% (calculated under Topic 606), compared to 109% (calculated under Topic 605) for the same period last year;Last twelve-month account retention rate was 98% (calculated under Topic 606), compared to 98%... More