- Bentley Systems press release ( NASDAQ: BSY ): Q4 Non-GAAP EPS of $0.19 beats by $0.01 .
- Revenue of $286.95M (+7.2% Y/Y) beats by $6.1M .
- Subscriptions revenues were $251.5 million, up 12.7% or 18.3% on a constant currency basis, year-over-year;
- Annualized Recurring Revenues was $1,036.5 million as of December 31, 2022, representing a constant currency ARR growth rate of 15% from December 31, 2021
- Last twelve-month recurring revenues dollar-based net retention rate was 110%, consistent with the preceding quarter
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The Company is sharing the following financial outlook for the full year 2023:
- Total revenues in the range of $1,205 million to $1,235 million, representing growth of approximately 9.5% to 12.5% (10.5% to 13.5% in constant currency);
- Constant currency ARR growth rate (business performance) (1) of 11.5% to 13.5%;
- Adjusted OI w/SBC margin of approximately 26%;
- Effective tax rate of approximately 20%;
- Cash flow from operations representing a conversion rate from Adjusted EBITDA of approximately 80%; and
- Capital expenditures of approximately $30 million, which includes certain IT investments.
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Bentley Systems Non-GAAP EPS of $0.19 beats by $0.01, revenue of $286.95M beats by $6.1M