Bentley Systems Q3 revenue up 9.3% to $335M; adjusted EPS $0.24

BENTLEY SYSTEMS INC

2024-Q3 EPS reported $0.57 revenue$1,003,273,000

Total revenues $335.2M, up 9.3% YoY; subscriptions revenue $303.2M, up 12.0% YoY.
GAAP diluted EPS $0.13 (vs $0.16 YoY); adjusted EPS $0.24 (vs $0.22 YoY).
ARR $1,270.7M, constant currency growth 12% (12.5% ex-China); net retention rate 109%.
Operating income margin 20.5% (vs 24.0% YoY); adjusted OI w/SBC margin 26.7% (vs 28.2%).
Recent: Cesium acquisition, Google partnership, new $1.3B credit facility in Oct.

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