Bentley Systems, Incorporated (BSY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Bentley Systems Q2 2025 results. I'm Eric Boyer, Bentley's Investor Relations Officer. On the webcast today, we have Bentley Systems Executive Chair, Greg Bentley, Chief Executive Officer, Nicholas Cummins, and Chief Financial Officer, Werner Andre. This webcast includes forward-looking statements made as of August 6th, 2025, regarding the future results of operations and financial position, business strategy and plans, and objectives for future operations of Bentley Systems Incorporated. All such statements made in or contained during this webcast, other than statements of historical fact or forward-looking statements. This webcast will be available for replay on Bentley Systems Investor Relations website at investors.bentley.com on August 6th, 2025. After our presentation, we will conclude with Q&A. And with that, let me introduce the Executive Chair of Bentley Systems, Greg Bentley. Good morning, and thanks to each of you for your interest in BSY. Please pardon my voice, which is suffering from a summer cold. CEO Nicholas and CFO Werner will, as always, report in detail Bentley Systems' continued excellent operating and financial results for 25Q2, and thus for the first half of 2025, as we track consistently towards our outlook range for this full year. Earlier this year, in reviewing 24Q4, I looked back over the years since BSY's IPO in 2020 to quantify that our outlook range for 2025 would complete the process of at least doubling over these five years each of our key financial metrics of ARR, revenues, adjusted operating income, less stock-based compensation, and free cash flows while minimizing equity dilution. Then, most recently in reviewing 25Q1, I likewise looked back five years to quantify the respects in which we've purposefully gained further business r...