Software specialist Bentley’s bullish growth

Construction software specialist Bentley Systems reports a strong financial performance with its latest annual results. The 2012 financial year has been healthy with regard to the firm’s global operations. The firm’s financial report reveals that revenues grew 5% to a record US$550 million on an historical GAAP basis; in constant currencies, GAAP revenues grew 8% and organic growth was 6%. The company claims user numbers of its software have also grown. The report states that applications use was logged by
April 12, 2013 Read time: 2 mins
Construction software specialist 4019 Bentley Systems reports a strong financial performance with its latest annual results. The 2012 financial year has been healthy with regard to the firm’s global operations. The firm’s financial report reveals that revenues grew 5% to a record US$550 million on an historical GAAP basis; in constant currencies, GAAP revenues grew 8% and organic growth was 6%. The company claims user numbers of its software have also grown. The report states that applications use was logged by over one million users in 165 countries, and nearly two million users including Passports and iWare apps. Meanwhile subscriptions reached a record 74% of revenues. The company has benefited from its own research and development programme as well as its acquisitions. Investment in research and development and acquisitions was at a record level of nearly $200 million, bringing the total invested since 2005 to more than $1 billion.

Commenting on the 2012 Annual Report, 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 organizations, including 1134 Siemens, 2122 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.”

For more information on companies in this article

Related Content

  • Piling accurately with Trimble’s new tool
    June 10, 2019
    Trimble is offering a new system that can help to boost the quality of drilling and piling work. The firm’s new Groundworks Machine Control System has been developed as a streamlined machine control solution for drilling and piling operations that helps optimise productivity and quality. The firm claims that this highly sophisticated system allows contractors to carry out drilling and piling operations more quickly, safely and accurately than using conventional methods. “Engineered for ease of use, Trim
    Read More
  • Automated testing is safer, cheaper and more thorough
    December 12, 2018
    Automated testing is improving safety during paving and saving on testing costs. But it could also help reduce long-term maintenance costs too - Kristina Smith writes Testing pavements as they are laid can be a hazardous activity. The technician may be on their hands and knees, far behind the main gang, or reaching inside the hopper to measure the temperature of the hot mix or dodging rollers to take density readings.
    Read More
  • Precision narrows the gap between design software and GIS
    March 20, 2012
    Greater precision is helping blur the boundaries between GIS technology and design software While GIS map based technology has extended its range across an ever more universal spectrum of uses in the highways sector, it is increasingly showing weaknesses for engineering purposes. It is very often not accurate enough. This has not mattered previously because the GIS tool has been seen essentially as an automated version of paper based systems from the design department's point of view. Where engineers
    Read More
  • Telematics agreement for construction machines
    December 8, 2015
    Major progress has been made with regard to construction machine manufacturers agreeing on a standard for telematics communications. This is of key importance to contractors running mixed fleets, as data transfer from equipment will now be much easier. This progress has come with a new construction equipment telematics standard from the Association of Equipment Manufacturers (AEM) and Association of Equipment Management Professionals (AEMP). This has added key features to allow data gathering, and a test da
    Read More

Highlighted Content