Bentley Systems Inc. (BSY) Tops Q2 EPS by 9c
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Bentley Systems Announces Operating Results for the Second Quarter of 2021 and Updates Its 2021 Financial Outlook
August 10, 2021 7:01 AM EDTEXTON, Pa.--(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY) (Bentley Systems or the Company), the infrastructure engineering software company, today announced operating results for its second quarter and six months ended June 30, 2021.
Second Quarter 2021 Financial Results:
Total revenues were $222.9 million, up 21.0% year-over-year; Subscriptions revenues were $185.5 million, up 17.6% year-over-year; Last twelve-month recurring revenues were $746.2 million, up 12.1% year-over-year; Last twelve-month recurring revenues dollar-based net retention rate was 106% (calculated under Topic 606), compared to 110% (calculated under Topic 605) for the same period last... More