Bentley Systems Q4 revenue $310.6M, ARR growth 12.5%; raises dividend, issues 2024 guidance

BENTLEY SYSTEMS INC

2023-FY EPS reported $1.00 revenue$1,228,413,000

Q4 total revenues $310.6M (+8.3% YoY); FY revenues $1,228.4M (+11.8% YoY).
Q4 GAAP EPS $0.54 (vs $0.08), adj. EPS $0.20 (vs $0.19); FY GAAP EPS $1.00 (vs $0.55), adj. EPS $0.91 (vs $0.85).
ARR at Dec 31, 2023: $1,174.8M; constant currency ARR growth 12.5% (13.5% ex-China).
2024 outlook: revenue $1,350-1,375M (constant currency growth 10-12%); ARR growth 10.5-13%.
Increased quarterly dividend; recorded $12.6M realignment charge and $170.8M discrete tax benefit.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BENTLEY SYSTEMS INC updated its the three months and year ended December 31, 2023 guidance (reaffirmed).

Period: the three months and year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 27, 2024 , Bentley Systems, Incorporated (the “Company”) issued a press release announcing its financial results for the three months and year ended December 31, 2023.

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Source: SEC EDGAR

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