---
schema_version: "secwatch.filing_event.v1"
accession: "0001031308-23-000008"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T00:17:14.717968+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems Q2 revenues $296.7M (+10.6% YoY); ARR grows 13% constant currency

## Summary
- Total revenues $296.7M, up 10.6% YoY; subscriptions $259.2M, up 11.7% YoY.
- ARR $1,105.9M as of June 30, 2023, constant currency growth 13% YoY; net retention rate 110%.
- GAAP diluted EPS $0.15 vs $0.17; Adjusted EPS $0.24 vs $0.23. Cash flow from operations $80.6M vs $67.0M.
- Narrowing FY2023 ARR growth outlook to 12-13% constant currency; maintaining other financial outlook.
- First half 2023: paid $29M dividends, repurchased $51M shares (dilution offset), repaid $147M net borrowings.

## SEC filing metadata
- accession: 0001031308-23-000008
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000103130823000008/0001031308-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000103130823000008/bsy-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031308-23-000008
- JSON: https://secwatch.observer/filing/0001031308-23-000008.json
- Plain text: https://secwatch.observer/filing/0001031308-23-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.