Bentley Systems Q4 Adj. EPS Tops View; Guides FY24 Revenues In Line
(RTTNews) - Infrastructure engineering software company Bentley Systems, Inc. (BSY) reported Tuesday net income for the fourth quarter of $179.59 million or $0.54 per share, sharply higher than $25.72 million or $0.08 per share in the prior-year quarter.
Excluding items, adjusted earnings for the quarter were $0.20 per share, compared to $0.19 per share in the year-ago quarter.
Total revenues for the quarter increased 8.3 percent to $310.64 million from 286.95 million in the same quarter last year. Revenues were up 7.3 percent on a constant currency basis.
On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share on revenue of $313.18 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, the company now projects total revenues between $1.350 billion and $1.375 billion, with constant currency revenue growth of 10 to 12 percent. The Street is looking for revenues of $1.37 billion for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Asian Shares Rise As Nvidia Beats Expectations
U.S. Dollar Falls Amid Fed Rate Cut Speculation
Europe Car Sales Rebound In July
U.S. Dollar Falls Against Majors
European Shares Seen Higher At Open
Sensex Nifty Decline On Tariff Worries
European Economic News Preview: Eurozone Economic Sentiment Data Due
