BSYBentley Systems, Incorporated

$11B

Q2 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$224M+21.5% YoY

Gross Profit

$170M76.1% margin

Operating Income

$33M14.8% margin

Net Income

$46M20.4% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

+0.9%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$14M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.0B

Stockholders' Equity

$472M

Cash & Equivalents

$131M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$224M	$184M	+21.5%
Gross Profit	$170M	$148M	+15.5%
Operating Income	$33M	$45M	-25.5%
Net Income	$46M	$39M	+16.8%

Revenue Segments

Subscriptions And Licenses

$197M29%

Subscription and Circulation

$185M27%

Enterprise License Subscriptions

$68M10%

SELECT Subscriptions

$67M10%

Enterprise License Subscriptions, E365 Subscriptions

$54M8%

Term License Subscriptions

$51M7%

Service

$26M4%

Professional Services, Other

$21M3%

Perpetual Licenses

$11M2%

Professional Services, Recurring

$5M1%

Geographic Segments

United States, Canada, And Latin America

$112M50%

EMEA

$69M31%

Asia Pacific

$42M19%