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Bentley Systems, Inc Expects FY24 Revenue of $1.350B-$1.375B Vs $1.37B Est

Author: Benzinga Newsdesk | February 27, 2024 08:05am

2024 Financial Outlook

The Company is sharing the following financial outlook for the full year 2024:

Total revenues in the range of $1,350 million to $1,375 million and constant currency growth of 10% to 12%;

Constant currency ARR growth rate (business performance, including programmatic acquisitions) of 10.5% to 13%;

Adjusted OI w/SBC margin annual improvement of approximately 100 basis points;

Effective tax rate of approximately 20%;

Cash flow from operations representing a conversion rate from Adjusted EBITDA of approximately 80%; and

Capital expenditures of approximately $22 million.

Posted In: BSY

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