Bentley Systems announced the release of its 2013 Annual Report in digital format. The report reviews the company’s 2013 performance highlights, and presents key Bentley initiatives, including its BIM advancement for better-performing infrastructure projects and assets. Effective and emerging strategies for advancing BIM are shared annually at Bentley’s Year in Infrastructure Conference and showcased in Bentley’s Infrastructure Yearbook.
Bentley Systems is dedicated to providing comprehensive software solutions for sustaining infrastructure.
Key performance highlights include: 8% GAAP revenue growth (also 8% in constant currency) in 2013 to US$593 million, with 74% of revenues from subscriptions; strong 2013 organic growth in BRICS, South Korea, Malaysia, Singapore, the Middle East, and the U.K., with 63% of revenues from outside the U.S.; application usage logged by over 1,000,000 commercial users in 165 countries; R&D reinvestment approaching 25% of revenues; company ownership by colleagues increasing to 98% (from 58% in 2008); and net debt reduction by 50% since the beginning of 2013.
According to ARC Advisory Group’s ‘Engineering Design Tools for Plants and Infrastructure’ study released in October 2013, Bentley has achieved the No. 1 ranking in Electric Power Generation; Mining and Metals; Electric Power Transmission, Distribution, and Communications; Water and Wastewater Distribution; Engineering, Procurement, and Construction; and Architecture, Engineering, and Construction.
Bentley Systems CEO Greg Bentley observes that their focus on long-term investments, ingrained over 30 years as a privately held company has provided an enduring advantage. He adds that there has never been a better time for the company to be advancing infrastructure through software, leveraging information mobility across disciplines and throughout the infrastructure lifecycle to deliver better-performing projects and assets.