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Revenue growth highlighted in Bentley 2012 annual report

US: Bentley Systems has released its 2012 Annual Report. In addition to providing the company’s 2012 performance highlights, the publication sets the stage forBentley’s2013 priorities. CEO Greg Bentley said, “Our annual reporting to our user organisations 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 organisations, 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.”

Performance highlights include:
-Revenues grew 5% to a record $550 million on an historical GAAP basis; inconstant currencies, GAAP revenues grew 8 % and organic growth was 6%;
-Subscriptions reached a record 74% 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.

Source: Bentley