secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001628280-23-005360
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bentley Systems Q4 revenue $286.9M (+7.2% YoY); founder Keith Bentley to retire as CTO
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- Q4 total revenues $286.9M (+7.2% YoY, +12.7% constant currency); subscriptions $251.5M (+12.7% YoY).
- Full-year 2022 revenues $1,099.1M (+13.9% YoY); ARR $1,036.5M with constant currency growth 15%.
- Q4 GAAP net income $25.7M ($0.08 EPS) vs $38.6M ($0.12 EPS) prior year; adjusted EPS $0.19 vs $0.22.
- 2023 outlook: revenue $1,205M-$1,235M (9.5%-12.5% growth); constant currency ARR growth 11.5%-13.5%.
- Founder Keith Bentley steps down as CTO effective April 1, 2023; Julien Moutte to succeed. David Hollister retiring as CIO March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000162828023005360/0001628280-23-005360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000162828023005360/bsy-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-005360

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