Bentley Systems Inc. (BSY) Tops Q2 EPS by 4c

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Bentley Systems Announces Operating Results for the Second Quarter of 2022

August 9, 2022 7:00 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 second quarter and six months ended June 30, 2022.

Second Quarter 2022 Financial Results

Total revenues were $268.3 million, up 19.8% or 26.2% on a constant currency basis, year-over-year; Subscriptions revenues were $232.2 million, up 24.5% or 31.3% on a constant currency basis, year-over-year; Last twelve-month recurring revenues were $930.8 million, up 24.6% year-over-year; Last twelve-month recurring revenues dollar-based net retention rate was 109%, compared... More