Bentley Systems Inc. (BSY) Tops Q1 EPS by 3c
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Bentley Systems Announces Operating Results for the First Quarter of 2023
May 9, 2023 7:00 AM EDTEXTON, Pa.--(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY) (Bentley Systems or the Company), the infrastructure engineering software company, today announced operating results for its first quarter ended March 31, 2023.
First Quarter 2023 Financial Results
Total revenues were $314.4 million, up 14.1% or 17.1% on a constant currency basis, year-over-year; Subscriptions revenues were $277.8 million, up 15.2% or 18.0% on a constant currency basis, year-over-year; Annualized Recurring Revenues (ARR) was $1,071.0 million as of March 31, 2023, representing a constant currency ARR growth rate of 13% from March 31, 2022; Last twelve-month recurring revenues... More