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Mar 31, 2022
Bentley Systems Q1 2022 Earnings Report
Bentley Systems reported strong operating results, consistent with its established financial outlook for 2022.
Key Takeaways
Bentley Systems reported total revenues of $275.5 million, up 24.1% year-over-year, and ARR of $962.6 million, representing a constant currency ARR growth rate of 27%. The company's results were impacted by consequences related to Russia and ARR attrition within China.
Total revenues were $275.5 million, up 24.1% year-over-year.
ARR was $962.6 million as of March 31, 2022, representing a constant currency ARR growth rate of 27%.
GAAP operating income was $56.6 million, compared to $55.6 million for the same period last year.
GAAP net income was $56.4 million, compared to $57.0 million for the same period last year.
Bentley Systems
Bentley Systems
Bentley Systems Revenue by Segment
Revenue by Segment
Subscriptions Revenue
CapyFin.comPerpetual Licenses Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Bentley Systems reaffirms its established financial outlook for 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income