secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001031308-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000103130824000011/0001031308-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000103130824000011/bsy-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001031308-24-000011

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