Compared to Estimates, Bentley Systems (BSY) Q4 Earnings: A Look at Key Metrics

Core Insights - Bentley Systems, Incorporated (BSY) reported revenue of $349.82 million for the quarter ended December 2024, marking a year-over-year increase of 12.6% [1] - The earnings per share (EPS) for the same period was $0.21, slightly up from $0.20 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $350.66 million, resulting in a surprise of -0.24% [1] - The company experienced an EPS surprise of -8.70%, with the consensus EPS estimate being $0.23 [1] Financial Performance Metrics - Total Revenue year-over-year growth was 12.6%, compared to the average estimate of 12.7% based on four analysts [4] - Annualized Recurring Revenues (ARR) stood at $1.28 billion, below the estimated $1.32 billion by three analysts [4] - Subscription revenue grew by 15.8% year-over-year, slightly below the estimated 16.5% by two analysts [4] - Revenues from subscriptions and licenses were reported at $329.90 million, compared to the average estimate of $330.07 million [4] - Service revenues were $19.92 million, significantly lower than the estimated $21.95 million, representing a year-over-year decline of -21.2% [4] - Subscription revenues were $315.59 million, compared to the estimated $316.96 million, reflecting a year-over-year increase of 15.8% [4] - Revenues from perpetual licenses were $14.31 million, exceeding the average estimate of $12.33 million, with a year-over-year change of +11.1% [4] Stock Performance - Shares of Bentley Systems have returned -1.9% over the past month, compared to a -2.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]