Shares of Bentley Systems, Inc. (BSY) are soaring 5.03% in intraday trading on Wednesday following the release of the company's impressive first-quarter 2025 earnings report. The infrastructure engineering software company surpassed analyst expectations, demonstrating robust growth and financial performance.
Bentley Systems reported adjusted earnings of $0.35 per share for the quarter ended March 31, significantly beating the analyst consensus estimate of $0.30 per share. This represents a 12.9% increase from the $0.31 per share reported in the same quarter last year. Revenue for Q1 2025 rose 9.7% year-over-year to $370.54 million, surpassing the expected $366.81 million. The company's net income for the quarter stood at $91.34 million.
The strong performance has reinforced investor confidence in Bentley Systems' growth trajectory. Wall Street maintains a positive outlook on the stock, with the current average analyst rating being "buy." The company's shares have risen by 11.3% this quarter, despite being down 6.3% year-to-date prior to this earnings announcement. With a median 12-month price target of $51.50, analysts continue to see potential upside for Bentley Systems as it capitalizes on the growing demand for infrastructure engineering software solutions.
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