Bentley Systems reported a 12.5% increase in annualized recurring revenues (ARR) to $1.174.8bn in 2023, with net income growing to $326.

Bentley Systems reported a 12.5% increase in annualized recurring revenues (ARR) to $1.174.8bn in 2023, with total revenues up 11.8% year-over-year to $1.228.4bn. The company's net income grew significantly to $326.7m, with diluted EPS reaching $1.00. Bentley Systems plans to expand in AI-driven asset analytics and expects total revenues in the range of $1.350bn to $1.375bn for 2024, with a 10.5% to 13% ARR growth rate.

February 27, 2024
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