BSYBentley Systems, Incorporated

$11B

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$297M+10.6% YoY

Gross Profit

$230M77.6% margin

Operating Income

$53M18.0% margin

Net Income

$49M16.4% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

-5.6%

Cash Flow

Operating Cash Flow

$81M

Free Cash Flow

$74M

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.5B

Stockholders' Equity

$643M

Cash & Equivalents

$83M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$297M	$268M	+10.6%
Gross Profit	$230M	$209M	+10.4%
Operating Income	$53M	$56M	-4.3%
Net Income	$49M	$56M	-12.6%

Revenue Segments

Subscriptions And Licenses

$271M28%

Subscription and Circulation

$259M27%

Enterprise License Subscriptions

$104M11%

Enterprise License Subscriptions, E365 Subscriptions

$99M10%

Term License Subscriptions

$91M10%

SELECT Subscriptions

$64M7%

Service

$26M3%

Professional Services, Other

$21M2%

Perpetual Licenses

$12M1%

Professional Services, Recurring

$5M1%

Geographic Segments

United States, Canada, And Latin America

$159M54%

EMEA

$83M28%

Asia Pacific

$54M18%