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Jun 30, 2022
Bentley Systems Q2 2022 Earnings Report
Bentley Systems' operating results were announced for the second quarter of 2022.
Key Takeaways
Bentley Systems reported total revenues of $268.3 million, a 19.8% increase year-over-year, with subscription revenues up 24.5% to $232.2 million. GAAP net income increased to $55.7 million, or $0.17 per diluted share.
Total revenues increased by 19.8% year-over-year, reaching $268.3 million.
Subscription revenues grew by 24.5% year-over-year, amounting to $232.2 million.
ARR reached $971.9 million as of June 30, 2022, representing a 14% growth rate.
GAAP net income was $55.7 million, resulting in earnings per diluted share of $0.17.
Bentley Systems
Bentley Systems
Forward Guidance
Bentley Systems' 2022 financial outlook has not materially changed, including after netting year-to-date acquisitions and divestitures, and discontinuation of our business operations in Russia.