secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001031308-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000103130823000008/0001031308-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000103130823000008/bsy-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001031308-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer