Shares of Bentley Systems, Inc. (BSY) tumbled 5.83% in intraday trading on Thursday, extending the sell-off that began in the pre-market session following the release of its second-quarter financial results.

The infrastructure software company reported adjusted earnings per share of $0.35, surpassing the analyst consensus of $0.32. However, quarterly revenue came in at $410.7 million, a 12.8% year-over-year increase, but slightly below the $412.22 million consensus forecast. The modest top-line miss, though less than 1%, dominated investor reaction and overshadowed the stronger-than-expected bottom-line performance.

The company demonstrated robust growth in annualized recurring revenue and subscription sales, yet the market’s focus on the revenue shortfall drove the sharp decline, reflecting heightened sensitivity to growth metrics in the current software sector environment.