Bentley Systems Inc. (BSY) Tops Q1 EPS by 4c, Revenues Beat

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Go back to Bentley Systems Inc. (BSY) Tops Q1 EPS by 4c, Revenues Beat

Bentley Systems Announces First Quarter 2021 Operating Results

May 11, 2021 7:30 AM EDT

EXTON, Pa.--(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY) (Bentley Systems or the Company), the infrastructure engineering software company, today announced operating results for its quarter ended March 31, 2021.

First Quarter 2021 Financial Results:

Total revenues were $222.0 million, up 14.0% year-over-year; Subscriptions revenues were $188.1 million, up 10.5% year-over-year; Last twelve-month recurring revenues were $716.9 million, up 10.7% year-over-year; Last twelve-month recurring revenues dollar-based net retention rate was 107% (calculated under Topic 606), compared to 109% (calculated under Topic 605) for the same period last year; Last twelve-month account retention... More