Bentley Systems is an infrastructure engineering software company providing comprehensive software solutions for the design, construction, and operation of infrastructure assets. Their software is used across various industries, including space, for digital twins, reality modeling, and project delivery. Bentley's iTwin platform and recent acquisition of Cesium further enhance their capabilities in 3D geospatial data integration for infrastructure projects from space to deep below the Earth's surface.
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Bentley Systems, Incorporated has acquired INRO Software, a leader in multimodal transportation planning, traffic simulation, and mobility visualization software.
Robert Mankowski is the senior vice president of digital cities at Bentley Systems.
Bentley Systems, Incorporated has acquired INRO Software, a leader in multimodal transportation planning, traffic simulation, and mobility visualization software.
Bentley Systems is positioned to deliver mobility digital twins for multimodal transportation systems at urban, metropolitan, regional, and national scales.
Visual Intelligence is partnering with Bentley Systems Incorporated to introduce OpenTower iQ, a purpose-built telecom tower solution.
Bentley Systems entered into a definitive agreement with investors led by Accel-KKR to acquire Seequent for $900,000,000 in cash, subject to adjustment, plus 3,141,361 BSY Class B shares.
Bentley Systems’ Adjusted Net Income for the quarter ended 2020-09-30 was $51.4 million, compared to $39,300,000 for the same period last year.
Bentley Systems incurred $10,000,000 of realignment costs for the three and nine months ended 2020-09-30 representing termination benefits for colleagues whose positions were eliminated.
Bentley Systems’ Annualized Recurring Revenue (ARR) was $715,300,000 as of 2020-09-30, representing constant currency growth in ARR of 9% over 2019-09-30.
Bentley Systems’ last twelve-month recurring revenues were $682,700,000 for the period ending 2020-09-30, up 11.0% year-over-year.
Bentley Systems expects to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class B common stock from Bentley Systems.
Bentley Systems projected Adjusted EBITDA for the full year of 2020 in the range of $250,000,000 to $265 million, representing growth of 33% to 41%.
Bentley Systems’ Adjusted EBITDA margin for the quarter ended 2020-09-30 was 36.3%, compared to 28.3% for the same period last year.
Bentley Systems’ last twelve-month recurring revenues dollar-based net retention rate was 110% for the period ending 2020-09-30, compared to 107% for the same period last year.
Bentley Systems’ GAAP operating income for the quarter ended 2020-09-30 was $5.3 million, compared to $41,400,000 for the same period last year.
Bentley Systems’ GAAP net income per diluted share for the quarter ended 2020-09-30 was $0.02, compared to $0.07 for the same period last year.
Bentley Systems completed its initial public offering of Class B common stock in September 2020 at a price of $22.00 per share.
Bentley Systems reported an effective tax rate of 62.5% for the three months ended 2020-09-30 and 22.6% for the nine months ended 2020-09-30.
Bentley Systems’ Adjusted EBITDA for the quarter ended 2020-09-30 was $73.6 million, compared to $52,800,000 for the same period last year.
Bentley Systems’ cash flow from operations for the quarter ended 2020-09-30 was $39.8 million, compared to $35,500,000 for the same period last year.