Bentley Systems’ announces first quarter revenues

Bentley Systems announced its revenue for its first quarter of 2021 which ended on March 31. In his opening remarks during his call to investors, CEO Greg Bentley warned them not to make generalizations about Bentley’s seasonality with such a small amount of data, especially when some of that data has been affected by very unusual circumstances.  As Bentley’s competitors have also experienced, the pandemic has had a profound effect in the construction field, but it has played out differently than might be expected. Bentley said their first two quarters as a public company were “choppy” but Q1 2020 was fairly typical