Bentley Systems, Incorporated (NASDAQ:BSY) Q2 2024 Results Conference Call August 6, 2024 8:15 AM ET
Company Participants
Eric Boyer - IR
Greg Bentley - CEO
Nicholas Cumins - COO
Werner Andre - CFO
Conference Call Participants
Matthew Hedberg - RBC Capital Markets
Joseph Vruwink - Robert W. Baird
Jason Celino - KeyBanc Capital Markets
Clarke Jeffries - Piper Sandler
Kristen Owen - Oppenheimer & Co.
Michael Funk - Bank of America Securities
Dylan Becker - William Blair
Matthew Martino - Goldman Sachs
Sitikantha Panigrahi - Mizuho Securities
Joshua Tilton - Wolfe Research
Blair Abernethy - Rosenblatt Securities
Eric Boyer
Good morning and thank you for joining Bentley Systems' Q2 2024 Results Webcast. 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 Cumins and Chief Financial Officer, Werner Andre.
This webcast includes forward-looking statements made as of August 6, 2024, 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, are forward-looking statements.
This webcast will be available for replay on Bentley Systems' Investor Relations website at investors.bentley.com on August 6, 2024. After our presentation, we will conclude with Q&A.
And with that, let me introduce the executive chair of Bentley Systems, Greg Bentley.
Greg Bentley
Good morning, and thanks to each of you as always for your interest in BSY. In these first operating results reporting in new roles, our lineup will remain the same, but the format is updated to correspond to new responsibilities. In particular, I bequeath to Nicholas as CEO the charts to review our operating performance numbers, especially ARR growth as our key indicator, along with his expanded commentary on the underlying tone of business across all notable dimensions.
As now Executive Chair, my perspective on directions and developments will, here and henceforth, be qualitative and comparatively succinct. While I think our ’24 Q2 operating results should be recognized as commendably robust on their face, my qualitative characterization of the quarter is even more favorable. In all around pace and balance, it seems to me, with now perhaps the benefit of a broader perspective in my new role, that everything has come together more so than ever.
Hence some observations on our busyness directions in keeping with my new qualitative focus. For me, BSY business describes the unprecedented stride now being hit both in our infrastructure engineering end markets and in our own efficient execution which will be further detailed in turn by Nicholas and Werner.