Bentley Systems Inc (BSY)

Nov 7, 2026

Bentley Systems reported strong third-quarter results with accelerated year-over-year annual recurring revenue growth of 13% and a net retention rate up to 110%. This broad-based strength across resources, public works, and utilities led to a 3% increase in shares on November 5. The positive growth momentum is enabling margin leverage for the company.

Nov 6, 2026

Bentley Systems is expanding its market beyond public works and utilities, notably into the attractive resources sector through acquisitions like Seequent and Eliis. The company's industry-leading geotechnical tools are in demand from mining and energy companies, projecting resource customers to contribute a third of total revenue in the coming years. This growth momentum is enabling Bentley Systems to generate significant margin leverage.