secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001031308-24-000001
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000103130824000001/0001031308-24-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000103130824000001/bsy-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001031308-24-000001

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