BSY News & Analysis
2 articles
Market Mood
Bentley Systems (BSY) Q1 Revenue Hits $424M, Up 14.5% YoY
Bentley Systems (BSY) reported Q1 revenue of $424 million, representing a 14.5% year-over-year increase. The annual recurring revenue (ARR) reached $1.495 billion, up 11.5% YoY, with net revenue retention at 109%. The company generated free cash flow of $188 million in Q1, aiming for a total of $500–$570 million in FY free cash flow. Additionally, Bentley repaid $678 million in convertibles and reduced its leverage ratio to 1.9x, solidifying its financial position.
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Bentley Systems (BSY) Analyst Jim Cramer Denies Investment Advice
Jim Cramer advised against investing in Bentley Systems (BSY) during a recent segment. He provided no specific data or metrics regarding BSY's financial performance or market position. His comments suggest skepticism about the company's prospects but lack quantitative analysis. The lack of empirical data leaves the potential market impact unclear.
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