CIMdata PLM Industry Summary Online Archive

11 April 2013

Financial News

Bentley Systems Releases 2012 Annual Report Online

Bentley Systems, Incorporated, today announced the release of its 2012 Annual Report, available in digital format at www.bentley.com/annualreport. In addition to providing the company’s 2012 performance highlights, the publication sets the stage for Bentley’s 2013 priorities.

Performance highlights include:

  • revenues grew 5 percent to a record $550 million on an historical GAAP basis; in constant currencies, GAAP revenues grew 8 percent and organic growth was 6 percent;
  • subscriptions reached a record 74 percent of revenues;
  • applications use was logged by over 1 million users in 165 countries – and nearly 2 million users when including Passports and iWare apps;
  • investment in R&D and acquisitions was at a record level of nearly $200 million, bringing the total invested since 2005 to more than $1 billion.

Commenting on the 2012 Annual Report, CEO Greg Bentley said, “Our annual reporting to our user organizations this year goes beyond performance metrics. It also introduces groundbreaking Bentley innovations and initiatives that support our agenda for 2013 – Connecting Globally. Among them are new apps for mobile devices that empower users to secure information mobility on construction sites and field locations; new products and services for persistent point clouds across infrastructure lifecycles; new strategic alliances with major organizations, including Siemens, Trimble, and AASHTO, that will result in new connectivity among systems; and newly reprogrammed events for in-person global connections, including The Bentley LEARNing Conference for hands-on learning and The Year in Infrastructure 2013 Conference for thought leaders.”

A digital version of Bentley Systems’ 2012 Annual Report is available at www.bentley.com/annualreport.

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