Latest news with #BentleySystems
Al Bawaba
2 days ago
- Business
- Al Bawaba
Bentley Systems, Enactus Launch 2025 iTwin4Good Challenge Amid Global Infrastructure Workforce Shortage
As the global infrastructure sector faces a critical workforce shortage, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, and Enactus, a global nonprofit advancing student innovation and entrepreneurship, announce the start of the 2025 iTwin4Good Challenge. This international competition empowers university students to develop digital twin solutions to help address global infrastructure initiative comes at a pivotal time. In recent years, global infrastructure sectors have faced a critical workforce shortage, despite rising demand for better and more resilient infrastructure. For example, the American Council of Engineering Companies (ACEC) Research Institute reports that 49 percent of engineering firms face project backlogs of one year or more, while the construction industry is short more than 400,000 workers, according to the Associated Builders and iTwin4Good Challenge places students on a path to address workforce shortages by combining their passion for social and environmental impact with the power of digital technology. Through skills building and mentorship, the program brings together global talent to grow a new and diverse pipeline of future infrastructure leaders and solution developers. Students embark on a six-week program featuring technical training, mentorship from across Bentley, and the opportunity to get certified as an iTwin Developer Associate. Participants—competing solo or in teams of up to three—will use Bentley's iTwin platform to create apps that could drive positive environmental or social impact in their OverviewFrom June through October 2025, students from the U.S., Germany, Canada, the UK and Ireland (competing jointly), and Brazil will participate in national rounds. Top performers will present their solutions to a panel of industry experts, compete for cash prizes, and advance to a virtual "Champions of Champions" showdown, with the global winner earning the opportunity to attend the Enactus World Cup 2025 in Bangkok.'The iTwin4Good Challenge is more than a student competition, it's a catalyst for change and a strategic investment in the future of infrastructure,' said Chris Bradshaw, chief sustainability and education officer, Bentley Systems. 'By engaging young minds in real-world problem-solving and equipping the next generation with digital twin expertise, we're cultivating talent capable of addressing both today's infrastructure needs and tomorrow's sustainability challenges.'George Tsiatis, president & CEO, Enactus Global & Resolution Project added, 'This partnership exemplifies what we do best—empowering students to tackle real-world challenges through innovation and entrepreneurship. When young people combine cutting-edge technology with purpose-driven action, they don't just solve today's problems, they build the foundation for a more sustainable future.' This hands-on experience develops industry-ready professionals who can apply digital twin technology to solve real-world challenges, bridging the gap between academic learning and impactful infrastructure innovation. For a look at the initiative in action, watch the 2024 iTwin4Good Championship final presentations from Kazakhstan.
National Post
3 days ago
- Business
- National Post
Bentley Systems, Enactus Launch 2025 iTwin4Good Challenge Amid Global Infrastructure Workforce Shortage
Article content EXTON, Pa. — As the global infrastructure sector faces a critical workforce shortage, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, and Enactus, a global nonprofit advancing student innovation and entrepreneurship, announce the start of the 2025 iTwin4Good Challenge. This international competition empowers university students to develop digital twin solutions to help address global infrastructure challenges. Article content This initiative comes at a pivotal time. In recent years, global infrastructure sectors have faced a critical workforce shortage, despite rising demand for better and more resilient infrastructure. For example, the American Council of Engineering Companies (ACEC) Research Institute reports that 49 percent of engineering firms face project backlogs of one year or more, while the construction industry is short more than 400,000 workers, according to the Associated Builders and Contractors. Article content The iTwin4Good Challenge places students on a path to address workforce shortages by combining their passion for social and environmental impact with the power of digital technology. Through skills building and mentorship, the program brings together global talent to grow a new and diverse pipeline of future infrastructure leaders and solution developers. Students embark on a six-week program featuring technical training, mentorship from across Bentley, and the opportunity to get certified as an iTwin Developer Associate. Participants—competing solo or in teams of up to three—will use Bentley's iTwin platform to create apps that could drive positive environmental or social impact in their communities. Article content Challenge Overview Article content From June through October 2025, students from the U.S., Germany, Canada, the UK and Ireland (competing jointly), and Brazil will participate in national rounds. Top performers will present their solutions to a panel of industry experts, compete for cash prizes, and advance to a virtual 'Champions of Champions' showdown, with the global winner earning the opportunity to attend the Enactus World Cup 2025 in Bangkok. Article content 'The iTwin4Good Challenge is more than a student competition, it's a catalyst for change and a strategic investment in the future of infrastructure,' said Chris Bradshaw, chief sustainability and education officer, Bentley Systems. 'By engaging young minds in real-world problem-solving and equipping the next generation with digital twin expertise, we're cultivating talent capable of addressing both today's infrastructure needs and tomorrow's sustainability challenges.' Article content George Tsiatis, president & CEO, Enactus Global & Resolution Project added, 'This partnership exemplifies what we do best—empowering students to tackle real-world challenges through innovation and entrepreneurship. When young people combine cutting-edge technology with purpose-driven action, they don't just solve today's problems, they build the foundation for a more sustainable future.' Article content This hands-on experience develops industry-ready professionals who can apply digital twin technology to solve real-world challenges, bridging the gap between academic learning and impactful infrastructure innovation. For a look at the initiative in action, watch the 2024 iTwin4Good Championship final presentations from Kazakhstan. Article content About Enactus Article content Enactus is the world's largest experiential learning platform developing entrepreneurial leaders and social innovators across 35+ countries. Through our network of universities and business leaders, we engage over 40,000 students annually in team-based projects that build essential leadership, project management, and enterprise skills while creating meaningful economic, social, and environmental impact. Founded in 1975, Enactus students have launched more than 75,000 projects and businesses, benefiting millions of people worldwide while developing tomorrow's leaders with a head for business, and a heart for the world. For more information, visit Article content About Bentley Systems Article content Around the world, infrastructure professionals rely on software from Bentley Systems to help them design, build, and operate better and more resilient infrastructure for transportation, water, energy, cities, and more. Founded in 1984 by engineers for engineers, Bentley is the partner of choice for engineering firms and owner-operators worldwide, with software that spans engineering disciplines, industry sectors, and all phases of the infrastructure lifecycle. Through our digital twin solutions, we help infrastructure professionals unlock the value of their data to transform project delivery and asset performance. Article content © 2025 Bentley Systems, Incorporated. Bentley, the Bentley logo, and iTwin are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners. Article content Article content Article content Article content Article content Contacts Article content For more information, contact: Article content Article content Bentley Press: Chris Phillips, Article content PR@ Article content Article content Bentley Investors: Eric Boyer, Article content Article content Article content
Business Wire
6 days ago
- Business
- Business Wire
Bentley Systems Wins Multiple 2025 Sustainability Delivery Awards
EXTON, Pa.--(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, was recognized across multiple categories at Environment Analyst's 2025 Sustainability Delivery Awards, held earlier this month in Chicago. Bentley received top honors in two award categories and was highly commended in a third, highlighting the company's continued leadership in driving innovation and measurable progress toward meeting global infrastructure sustainability objectives: Digital Innovation Award (Winner): Bentley's Carbon Analysis capabilities in iTwin Experience were recognized for their ability to enable infrastructure engineers to simplify and streamline data collection and carbon reporting, easily visualize and quantify embodied carbon, and rapidly explore alternatives for better designs, saving time and reducing risk on major infrastructure projects. Water Project of the Year (Winner): Together, Bentley and SABESP were recognized for the Integra 4.0 Cultural Transformation Through Digitalization project, which is a landmark initiative accelerating sustainable water infrastructure modernization in Brazil through digital twin technology. Energy Project of the Year (Highly Commended): Bentley, alongside Exo, were honored for the Evergy Power Transmission Structure Stabilization project, an effort that leveraged digital modeling and predictive analytics to enhance energy grid resilience. These recognitions underscore Bentley's commitment and leadership position to advancing sustainability through digital engineering solutions that enable more resilient, efficient, and low-carbon infrastructure. The water and energy projects were previously honored at Bentley's 2024 Year in Infrastructure conference: the SABESP Integra 4.0 program was recognized as a Going Digital Award winner in the Water and Wastewater category by a panel of independent jurors, while the Exo Evergy Power Transmission Structure Stabilization program received Bentley Founders Honors. 'At Bentley, our sustainability vision reflects the urgent need to future-proof global infrastructure,' said Chris Bradshaw, chief sustainability and education officer at Bentley Systems. 'Digital twins are essential for sustainable development, helping users optimally balance environmental, social, and economic outcomes. We're proud to be recognized across several categories in the 2025 Sustainability Delivery Awards and remain committed to delivering solutions that drive real progress toward climate and resilience goals.' The Sustainability Delivery Awards, hosted by Environment Analyst, celebrate innovation, leadership, and tangible progress across global infrastructure. Judged by an independent panel of industry experts, this year's awards brought together leaders and changemakers committed to transforming the infrastructure sector for a more sustainable future. # # # About Bentley Systems Around the world, infrastructure professionals rely on software from Bentley Systems to help them design, build, and operate better and more resilient infrastructure for transportation, water, energy, cities, and more. Founded in 1984 by engineers for engineers, Bentley is the partner of choice for engineering firms and owner-operators worldwide, with software that spans engineering disciplines, industry sectors, and all phases of the infrastructure lifecycle. Through our digital twin solutions, we help infrastructure professionals unlock the value of their data to transform project delivery and asset performance. © 2025 Bentley Systems, Incorporated. Bentley, the Bentley logo, and iTwin are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.
Yahoo
11-06-2025
- Business
- Yahoo
Bentley Systems (BSY) Q1 2025 Earnings: Subscription Growth, Analytics Expansion, Infrastructure Tailwinds
Infrastructure design software provider Bentley Systems (NASDAQ:BSY) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 9.7% year on year to $370.5 million. Its non-GAAP profit of $0.35 per share was 16.6% above analysts' consensus estimates. Is now the time to buy BSY? Find out in our full research report (it's free). Revenue: $370.5 million vs analyst estimates of $365.4 million (9.7% year-on-year growth, 1.4% beat) Adjusted EPS: $0.35 vs analyst estimates of $0.30 (16.6% beat) Adjusted Operating Income: $143.5 million vs analyst estimates of $130.7 million (38.7% margin, 9.8% beat) Operating Margin: 31.1%, up from 27.2% in the same quarter last year Net Revenue Retention Rate: 110%, in line with the previous quarter Annual Recurring Revenue: $1.32 billion at quarter end, up 11.2% year on year Market Capitalization: $15.13 billion Bentley Systems' first quarter results reflected momentum in expanding its recurring revenue base and demand for its infrastructure design software. Management attributed the quarter's performance to continued strength in government-funded infrastructure sectors and effective diversification away from more cyclical segments like commercial facilities. CEO Nicholas Cumins highlighted how Bentley's E365 enterprise subscription program and small- and medium-sized business (SMB) digital channels drove net new accounts and high retention rates, noting, 'We added more than 600 new logos through our line store for the 13th straight quarter.' Regional growth remained solid, with public utilities and transportation infrastructure fueling activity in the Americas and India standing out in Asia-Pacific. Meanwhile, recurring revenue now makes up 92% of total revenues, enhancing the company's business resilience. Looking ahead, management's guidance is shaped by ongoing public infrastructure investment, the growing role of artificial intelligence (AI) in product development, and the expansion of asset analytics offerings. CEO Nicholas Cumins emphasized the strong demand backdrop, citing a 'critical need for better and more resilient infrastructure' and a persistent shortage of engineers, which supports demand for productivity-enhancing software. The company is focused on capturing opportunities from permitting reforms, especially in the U.S., and leveraging its partnerships with Google and recent acquisitions to broaden its reach in asset operations and analytics. Management remains mindful of macroeconomic uncertainties but believes its diversified business model and backlog position Bentley to deliver consistent results through 2025. Management attributed first quarter growth to strong demand in government infrastructure, product innovation in asset analytics, and a continued shift to high-visibility subscription revenues. Subscription model expansion: Bentley's E365 enterprise subscription program continued to drive recurring revenue, with nearly all new large accounts adopting contracts with multi-year floors and ceilings on usage. This structure increases visibility and predictability for both Bentley and its customers. Diversification away from cyclical segments: The company further reduced exposure to commercial facilities and industrial sectors, which are more sensitive to economic cycles, now representing less than one-sixth of annual recurring revenue (ARR). Growth was instead concentrated in public utilities, transportation, and resources. Growth in asset analytics: Management spotlighted progress in asset analytics, particularly through the Blyncsy road network solution, which now integrates Google's Street View imagery and Vertex AI. Recent wins with state Departments of Transportation (DOTs) and expanded use cases are expected to increase win rates and geographic reach. Global and regional trends: Solid results in the Americas and EMEA (Europe, Middle East, and Africa) were supported by continued public investment. India emerged as the main growth driver in Asia-Pacific, benefiting from both local infrastructure spending and global engineering outsourcing. AI and automation initiatives: Product updates now incorporate AI to automate routine engineering tasks, such as creating 2D drawings from 3D models, aiming to address chronic labor shortages in the sector. Internally, Bentley is using AI to boost developer productivity, particularly in repetitive coding and documentation tasks. Management expects ongoing public infrastructure funding, product enhancements, and AI integration to drive growth, while acknowledging macroeconomic uncertainties and seasonal renewal patterns. Infrastructure funding tailwinds: Public spending in the U.S. and Europe, including multi-year government programs and permitting reforms, is expected to sustain demand for Bentley's solutions. Management highlighted the continued rollout of U.S. infrastructure bills and major European investment plans as positive indicators for both new and existing projects. Expansion of asset analytics and AI: The integration of Google technologies into Bentley's asset analytics offerings is anticipated to improve product capabilities and win rates, especially in road and network management. Management sees AI-driven automation as a key lever to address engineering talent shortages and enhance the productivity of both customers and internal teams. Seasonal and macroeconomic factors: Seasonality remains important, with contract renewals and deal timing leading to stronger results expected in later quarters. Management also noted potential headwinds from changes in global economic conditions but believes the company's diversified customer base and recurring revenue model provide resilience. In upcoming quarters, the StockStory team will monitor (1) further adoption of Bentley's AI-enabled asset analytics and road network products, (2) the impact of permitting reforms and government funding on infrastructure project pipelines in the U.S. and Europe, and (3) continued growth in SMB and enterprise subscription renewals. Additionally, execution on new product integrations with partners like Google and expansion into asset operations will be critical for sustaining momentum. Bentley currently trades at a forward price-to-sales ratio of 10.5×. In the wake of earnings, is it a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. 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Technical.ly
30-05-2025
- Business
- Technical.ly
2025 Cesium Developer Conference
Connect with developers and integrators shaping the future of open geospatial technologies at the 2025 Cesium Developer Conference happening June 23-25 in Philadelphia. The conference features over 90 sessions curated across six tracks and features industry leaders from Google, NVIDIA, Bentley Systems, the Open Geospatial Consortium, and more. Register now to learn about the latest geospatial technology trends, tools, and high-value applications.
