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Bentley Systems revenues hit $550 million

Wednesday, April 3rd, 2013

Greg Bentley, CEO of Bentley Systems, last week gave an overview of the company’s financial position as a private company. The company’s focus is infrastructure, meaning “everything people build to improve our planet,” according to Mr. Bentley.

Bentley is a “no drama company” when it comes to reporting, said Mr. Bentley. In their 30th year, he said that historical GAP revenues are $550 million. These GAP revenues grew 8% percent in constant currencies, and organic growth grew by 6%.

“Since the majority of revenues are from annual subscription, 75% of our revenues from subscriptions, up from 72% in 2011, and that’s from ongoing relationships, not ‘customers,’” said Mr. Bentley.

Bentley employees (although he doesn’t like to call them employees as they are also investors in the company – “colleagues and family”) own 98% percent of Bentley Systems. They have a global profit sharing plan and a buy-back plan.

(more…)

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