BENTLEY SYSTEMS INC (BSY) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $70.31 million, or $0.22 per share. This compares with $45.49 million, or $0.14 per share, in last year's first quarter.
Excluding items, BENTLEY SYSTEMS INC reported adjusted earnings of $102.92 million or $0.31 per share for the period.
Analysts on average had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.4% to $337.76 million from $314.41 million last year.
BENTLEY SYSTEMS INC earnings at a glance (GAAP) :
-Earnings (Q1): $70.31 Mln. vs. $45.49 Mln. last year.
-EPS (Q1): $0.22 vs. $0.14 last year.
-Revenue (Q1): $337.76 Mln vs. $314.41 Mln last year.
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