Bentley Systems Inc. (BSY) Reports In-Line Q3 EPS

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Bentley Systems Announces Operating Results for the Third Quarter of 2022

November 8, 2022 7:00 AM EST

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 third quarter and nine months ended September 30, 2022.

Third Quarter 2022 Financial Results

Total revenues were $268.3 million, up 6.7% or 14.7% on a constant currency basis, year-over-year; Subscriptions revenues were $235.3 million, up 9.4% or 17.6% on a constant currency basis, year-over-year; Last twelve-month recurring revenues were $950.4 million, up 20.3% year-over-year; Last twelve-month recurring revenues dollar-based net retention rate was 110%,... More