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Bentley Systems develops infrastructure engineering software used by engineering firms and owner-operators to design, build, and operate assets across transportation, water, energy, cities, and related infrastructure markets. Company news commonly covers quarterly results, annualized recurring revenue, non-GAAP operating measures, outlook commentary, dividends, repurchases, debt activity, and acquisition-driven expansion of its software portfolios.
Recurring product updates include digital twin and asset analytics software, ProjectWise connected data environments, OpenGround geotechnical data management, Seequent subsurface technology, and Blyncsy AI roadway analytics. Announcements also address cloud security authorizations, public-sector customer deployments, and Bentley’s Year in Infrastructure program recognizing use of its software in major infrastructure projects.
Bentley Systems, Incorporated (BSY) has declared a cash dividend of $0.03 per share for Q2 2022, payable on June 23, 2022, to stockholders of record as of June 9, 2022. The company, specializing in infrastructure engineering software, generates annual revenues of approximately $1 billion and employs over 4,500 staff in 186 countries. The announcement highlights Bentley's ongoing commitment to returning value to its shareholders through dividends, though future dividend payments depend on the company's financial condition and operational results.
Bentley Systems (NASDAQ: BSY) has authorized a stock repurchase program allowing up to $200 million of its Class B common stock to be repurchased by June 30, 2024. This shift from previous practices aims to enhance shareholder value through strategic repurchases, funded by operational cash and working capital. CEO Greg Bentley expressed confidence in using this program to manage equity dilution from compensation. The repurchases will depend on market conditions and financial assessments.
Bentley Systems reported strong first-quarter results for 2022, with total revenues of $275.5 million, representing a 24.1% increase year-over-year. Subscription revenues rose 28.2% to $241.2 million. Last twelve-month recurring revenues reached $885.9 million with a net retention rate of 108%. Adjusted net income increased to $79.6 million, while adjusted EBITDA was $97.6 million. However, GAAP net income slightly decreased to $56.4 million due to external pressures, including impacts from Russia.
Bentley Systems (Nasdaq: BSY) will announce its first quarter 2022 operating results on May 10, 2022, before market opening. A live Zoom webinar will occur at 8:15 a.m. EDT, accessible via the Investor Relations website. Additionally, CEO Greg Bentley and CFO Werner Andre will present at the Nasdaq International Investor Conference and Berenberg Design Software Conference in London on June 14-15, 2022. Live webcasts and replays will be available on the company’s website.
Bentley Systems (Nasdaq: BSY) announced the call for nominations for the 2022 Going Digital Awards in Infrastructure, aimed at celebrating exemplary infrastructure projects that leverage digital advancements. Nominations are open until May 23, 2022, across multiple categories, including Bridges, Construction, and Water Management. This awards program has recognized over 4,400 projects globally since its inception in 2004. Finalists will be honored at a ceremony in location value='LU/gb.eng.london'London in Q4 2022, providing visibility to their digital innovations.
Bentley Systems has acquired ADINA R & D Inc., a leader in finite element analysis software, enhancing infrastructure resilience and digital twins. The acquisition integrates ADINA’s robust simulation capabilities with Bentley's iTwin platform, allowing for comprehensive safety and performance studies. Founded by Dr. Klaus-Jürgen Bathe, ADINA's software is utilized globally across civil and structural engineering sectors. Bentley aims to leverage this acquisition to advance infrastructure modeling, increasing efficiency and reliability in engineering applications.
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Bentley Systems, the infrastructure engineering software company (Nasdaq: BSY), reported strong fourth-quarter results for 2021, with revenues of $267.7 million, marking a 21.9% year-over-year increase. Subscription revenues rose 25.2% to $223.1 million. However, GAAP net income decreased to $38.6 million from $51.9 million in the previous year. The company announced a positive 2022 outlook, expecting revenues between $1,110 million and $1,140 million, a growth of 15% to 18%. Recent acquisitions, including Power Line Systems, aim to enhance its market position.
Bentley Systems, a leading infrastructure engineering software company, has declared a cash dividend of $0.03 per share for Q1 2022. This dividend is payable on March 15, 2022, to all stockholders of record as of March 8, 2022. Bentley Systems, which generates over $800 million annually and employs more than 4,000 staff globally, continues to provide innovative software solutions for infrastructure design and management.
Bentley Systems (NASDAQ: BSY) has successfully completed its acquisition of Power Line Systems for approximately $700 million in cash. Power Line Systems specializes in software for designing overhead electric power transmission lines. The acquisition, finalized with TA Associates, is expected to enhance Bentley's infrastructure engineering software portfolio. Bentley will provide a full-year financial outlook, including the impact of this acquisition, on March 1, 2022.