Bentley Systems Incorporated has announced the release of its 2012 Annual Report. In addition to providing the company’s 2012 performance highlights, the publication sets the stage for Bentley’s 2013 priorities.
According to the report, revenues grew 5 per cent to a record $550 million on an historical GAAP basis. In constant currencies, GAAP revenues grew 8 per cent and organic growth was 6 per cent, subscriptions reached a record 74 per cent of revenues and 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.
Greg Bentley, CEO, Bentley Systems, said, “Our annual reporting to our user organizations 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 organizations, including Siemens, Trimble, and AASHTO, that will result in new connectivity among systems; and newly reprogrammed events for in-person global connections, including TheBentley LEARNing Conference for hands-on learning and The Year in Infrastructure 2013 Conference for Thought Leaders.”
