BSYBentley Systems, Incorporated

$11B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$330M+11.3% YoY

Gross Profit

$267M80.9% margin

Operating Income

$80M24.3% margin

Net Income

$72M21.8% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$59M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.3B

Stockholders' Equity

$984M

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$330M	$297M	+11.3%
Gross Profit	$267M	$230M	+16.0%
Operating Income	$80M	$53M	+50.4%
Net Income	$72M	$49M	+48.0%

Revenue Segments

Subscriptions And Licenses

$308M28%

Subscription and Circulation

$297M27%

Enterprise License Subscriptions

$128M12%

Enterprise License Subscriptions, E365 Subscriptions

$126M12%

Term License Subscriptions

$106M10%

SELECT Subscriptions

$64M6%

Service

$22M2%

Professional Services, Other

$18M2%

Perpetual Licenses

$11M1%

Professional Services, Recurring

$4M0%

Geographic Segments

United States, Canada, And Latin America

$176M53%

EMEA

$96M29%

Asia Pacific

$58M18%