Madison Mid Cap Fund added Bentley Systems to its portfolio in the first quarter of 2026, citing resilience to AI disruption and strong growth prospects. The fund noted Bentley Systems is growing recurring subscription revenues at a consistent low-double digit rate while expanding operating margins annually. Bentley Systems generated revenue of 424 million dollars in the first quarter, up 14.5 percent year-over-year. The fund believes AI will enhance designer productivity and help the architecture, engineering, and construction industry tackle a growing backlog of infrastructure projects, foreseeing many years of strong growth ahead.
Bentley Systems IncFund cites strong growth prospects from infrastructure backlog and AI-enhanced productivity, with 14.5% revenue growth.