Bentley Systems Q3 2022: revenue $268.3M (+6.7% reported, +14.7% CC); adj. EPS $0.19 vs $0.17

BENTLEY SYSTEMS INC

2022-Q3 EPS reported $0.46 revenue$812,134,000

Subscriptions revenue $235.3M (+9.4% reported, +17.6% CC); GAAP net income $37.0M ($0.12 diluted) vs loss $48.0M a year ago.
Adjusted Net Income $61.8M ($0.19/diluted share) vs $56.3M ($0.17) last year; Adjusted EBITDA $89.7M, margin 33.4%.
ARR $983.7M as of Sep 30, 2022 with constant currency ARR growth of 14% from Sep 30, 2021.
Full-year 2022 constant currency guidance reaffirmed: total revenue growth 16.9%-20.1%, ARR growth 14%-16%; forex may reduce reported revenue by ~$40M.
Business performance ARR growth 11.5% (excludes Russia write-down and platform acquisitions); net retention rate 110% vs 106% last year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BENTLEY SYSTEMS INC reported third quarter of 2022 results: revenue $268.3 million, net income $37.0 million, EPS $0.12.

Period: third quarter of 2022
Revenue: $268.3 million
Net income: $37.0 million
EPS: $0.12
Result: reported results

Exact text from the filing

software company, today announced operating results for its third quarter and nine months ended September 30, 2022. Third Quarter 2022 Financial Results • Total revenues were $268.3 million, up 6.7% or 14.7% on a constant currency basis, year-over-year; • Subscriptions revenues were $235.3 million, up 9.4% or 17.6% on a constant currency basis, year-over-year; •

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Source: SEC EDGAR

accession 0001628280-22-028750

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