Bentley Systems Q1 2022 Earnings Report
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
Forward Guidance
Bentley Systems reaffirms its established financial outlook for 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income