Welcome to our dedicated page for Bentley Systems, Incorporated Class B news (Ticker: BSY), a resource for investors and traders seeking the latest updates and insights on Bentley Systems, Incorporated Class B stock.
Bentley Systems, Incorporated (symbol: BSY) is a global leader in providing comprehensive software solutions designed to support architects, engineers, geospatial professionals, constructors, and owner-operators in the design, construction, and operations of infrastructure. The company's offerings enable users to leverage information mobility across various disciplines and throughout the entire infrastructure lifecycle, ensuring better-performing projects and asset management.
Bentley's key products include MicroStation applications for information modeling, ProjectWise collaboration services for integrated project delivery, and AssetWise operations services to achieve intelligent infrastructure management. These solutions are complemented by Bentley's worldwide professional services and comprehensive managed services, ensuring robust support and service for users globally.
Bentley Systems is renowned for its strong commitment to its user community, delivering not just high-quality and integrated software solutions, but also pairing these products with exceptional service and support. The company offers a broad range of products via the cloud, desktop, and hybrid environments, catering to specific needs such as bridge and rail design.
Despite being relatively smaller than some of its peers, like Autodesk, Bentley Systems excels in its core specialty areas and has established a strong global presence. As of fiscal 2022, approximately 58% of the company's revenue was derived from outside the U.S., with significant contributions from regions such as EMEA (28%) and APAC (18%). The public works and utilities sector stands out as Bentley's largest end market, accounting for about two-thirds of the company's revenue.
With its focus on innovation and user-centric solutions, Bentley Systems continues to advance the infrastructure design and management industry, ensuring that its users can achieve unparalleled efficiency and performance in their projects.
Bentley Systems, the infrastructure engineering software company (Nasdaq: BSY), reported strong fourth-quarter results for 2021, with revenues of $267.7 million, marking a 21.9% year-over-year increase. Subscription revenues rose 25.2% to $223.1 million. However, GAAP net income decreased to $38.6 million from $51.9 million in the previous year. The company announced a positive 2022 outlook, expecting revenues between $1,110 million and $1,140 million, a growth of 15% to 18%. Recent acquisitions, including Power Line Systems, aim to enhance its market position.
Bentley Systems, a leading infrastructure engineering software company, has declared a cash dividend of $0.03 per share for Q1 2022. This dividend is payable on March 15, 2022, to all stockholders of record as of March 8, 2022. Bentley Systems, which generates over $800 million annually and employs more than 4,000 staff globally, continues to provide innovative software solutions for infrastructure design and management.
Bentley Systems (NASDAQ: BSY) has successfully completed its acquisition of Power Line Systems for approximately $700 million in cash. Power Line Systems specializes in software for designing overhead electric power transmission lines. The acquisition, finalized with TA Associates, is expected to enhance Bentley's infrastructure engineering software portfolio. Bentley will provide a full-year financial outlook, including the impact of this acquisition, on March 1, 2022.
Bentley Systems (Nasdaq: BSY) announced promotions for Nicholas Cumins as COO and Werner Andre as CFO, effective January 2022, alongside CEO Greg Bentley's remarks on the positive impact of the U.S. Infrastructure Investment and Jobs Act. The company will report its fourth-quarter and full-year 2021 results and discuss its 2022 outlook on March 1, 2022, via a live webinar. Bentley Systems is focused on digital transformation in infrastructure engineering, with more than $800 million in annual revenues and a global presence in 172 countries.
Bentley Systems (Nasdaq:BSY) has acquired Advanced Resources and Risk Technology, LLC (AR2Tech), a Denver-based company specializing in geostatistical software. This acquisition enhances Seequent's capabilities in geostatistics, supporting its existing geological modeling solutions. The integration of AR2Tech's advanced algorithms is expected to improve workflows for mining, environmental sciences, and energy sectors, facilitating complex geospatial problem-solving. This strategic move aims to accelerate the development of new geostatistics solutions and expand Seequent's offerings.
Bentley Systems, a leader in infrastructure engineering software, has announced the Year in Infrastructure 2021 Founders’ Honorees. Acknowledging 22 organizations and individuals, this initiative highlights significant contributions to infrastructure and environmental goals. The honorees were selected from 230 nominations, with awards given for categories such as ES(D)G Advocacy and Infrastructure IoT. Notably, the company generates over
Bentley Systems, a leading infrastructure engineering software company, announced a cash dividend of $0.03 per share for Q4 2021. The dividend is payable on December 16, 2021 to shareholders of record as of December 9, 2021. With over $800 million in annual revenues and a workforce of more than 4,000 employees, Bentley Systems provides innovative software solutions for the design and operation of infrastructure projects globally.
Bentley Systems (NASDAQ: BSY) announced a definitive agreement to acquire Power Line Systems for approximately $700 million. This move is expected to enhance BSY's software offerings in grid integration and capitalize on the growing demand for modern energy infrastructure. Power Line Systems, recognized for its profitability and cash flow, will operate within BSY’s Grid Integration Group upon closing. The acquisition aligns with market needs surrounding the Infrastructure Investment and Jobs Act, which promises $65 billion in funding.
FAQ
What is the current stock price of Bentley Systems, Incorporated Class B (BSY)?
What is the market cap of Bentley Systems, Incorporated Class B (BSY)?
What does Bentley Systems, Incorporated do?
What are the key products offered by Bentley Systems?
What sectors does Bentley Systems, Incorporated serve?
How does Bentley Systems support its users?
Where does Bentley Systems generate most of its revenue?
What distinguishes Bentley Systems from its competitors?
How does Bentley Systems deliver its solutions?
What is Bentley Systems' largest end market?
What is Bentley Systems' commitment to its user community?
How does Bentley Systems ensure better project performance?
