secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001628280-22-013450
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bentley Systems Q1 revenue up 24% to $275.5M; adjusted EPS $0.24 vs $0.20
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- Total revenues $275.5M, +24.1% YoY (+27.7% constant currency); subscriptions $241.2M, +28.2%.
- GAAP net income $56.4M, diluted EPS $0.18 (flat YoY); adjusted net income $79.6M, EPS $0.24 vs $0.20.
- ARR $962.6M, constant currency ARR growth 27% YoY; LTM recurring revenue retention 108%.
- Cash from operations $101.7M (down from $132.8M); adjusted EBITDA $97.6M, margin 35.4%.
- Completed Power Line Systems acquisition for $696M cash; cited Russia/China headwinds and platform acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000162828022013450/0001628280-22-013450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000162828022013450/bsy-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-013450

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