Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Bentley Systems Releases 2013 Annual Report Online  Join our daily free Newsletter

MENAFN Press - 15/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) May 15, 2014 “ Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, recently announced the release of its 2013 Annual Report in digital format. In addition to reviewing the company's 2013 performance highlights, the report 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.

Performance highlights include:
8% GAAP revenue growth (also 8% in constant currency) in 2013 to 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);
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 #1 ranking in Electric Power Generation; Mining and Metals; Electric Power Transmission, Distribution, and Communications; Water and Wastewater Distribution; and for Engineering, Procurement, and Construction; and for Architecture, Engineering, and Construction.

Bentley Systems CEO Greg Bentley said, "Reflecting on the five years since the global financial crisis, it has become particularly clear to me that our focus on long-term investments, ingrained over 30 years as a privately held company, provides an enduring advantage. It is a testament to the importance of the work of our users “ in sustaining the world economy and our environment through infrastructure “ that our long-term efforts together have now resulted in Bentley Systems being recognized among the top 50 global software companies.

"As expressed in the 30-year perspective of our co-founder and CTO Keith Bentley, writing in our annual report about the evolving form factors of computing, there has never been a better time for us to be advancing infrastructure through software, leveraging information mobility across disciplines and throughout the infrastructure lifecycle to deliver better-performing projects and assets."

Bentley's 2013 Annual Report can be accessed at www.bentley.com/annualreport.


About Bentley Systems
Bentley is the global leader dedicated to providing architects, engineers, geospatial professionals, constructors, and owner-operators with comprehensive software solutions for sustaining infrastructure. Bentley Systems applies information mobility to improve asset performance by leveraging information modeling through integrated projects for intelligent infrastructure. Its solutions encompass the MicroStation platform for infrastructure design and modeling, the ProjectWise platform for infrastructure project team collaboration and work sharing, and the AssetWise platform for infrastructure asset operations “ all supporting a broad portfolio of interoperable applications and complemented by worldwide professional services. Founded in 1984, Bentley has more than 3,000 colleagues in 50 countries, more than 600 million in annual revenues, and since 2005 has invested more than 1 billion in research, development, and acquisitions. Founded in 1984, Bentley has more than 3,000 colleagues in over 50 countries, more than 600 million in annual revenues, and since 2006 has invested more than 1 billion in research, development, and acquisitions. Additional information about Bentley is available at www.bentley.com and in Bentley's annual report. For Bentley news as it happens, subscribe to an RSS feed of Bentley press releases and news alerts. To view a searchable collection of innovative infrastructure projects from the annual Be Inspired Awards, access Bentley's Year in Infrastructure publications. To access a professional networking site that enables members of the infrastructure community to connect, communicate, and learn from each other, visit Be Communities.To download the Bentley Infrastructure 500 Top Owners ranking, a unique global compendium of the top public- and private-sector owners of infrastructure based on the value of their cumulative infrastructure investments, visit www.bentley.com/500.

 


MENAFN Press




  MENA News Headlines
 Dec 20 2014 - Etihad has no further A380 orders, Boeing 787 delayedMENAFN
(MENAFN) Etihad Airways is not interested in ordering any more Airbus A380s, while the launch of its first Boeing 787-9 Dreamliner into service has been delayed, Gulf News reported.The Dreamliner ...

 Dec 20 2014 - Saudi rail expansion contributes to domestic tourismMENAFN
(MENAFN) Saudi Railways Organization (SRO) President has lauded the efforts of Saudi Commission for Tourism and Antiquities (SCTA) in developing the tourism sector and preserving national heritage, ...

 Dec 20 2014 - Tunisia, Germany sign USD55.21m loan agreementMENAFN
(MENAFN) Tunisia and Germany have signed a loan agreement worth USD55.21 million for the modernization of more than 300 educational institutions in the different regions of the country, QNA ...

 Dec 20 2014 - Qatar- Magnificent Mirza wins stage 2The Peninsula
(MENAFN - The Peninsula) Overnight leader Azzedine Lagab yesterday retained his position at the Tour of Zubarah where defending champion Yusif Mirza of the UAE produced a late burst to win stage ...

 Dec 20 2014 - Aishwarya to make comeback with JazbaaKhaleej Times
(MENAFN - Khaleej Times) Jazbaa is a contemporary thriller set in modern-day Mumbai. Los Angeles - Former Miss World and popular Bollywood actress Aishwarya Rai Bachchan will make her comeback with ...

 Dec 20 2014 - UAE- Srikanth looks to change strategy for next two tiesKhaleej Times
(MENAFN - Khaleej Times) Indian star Kidambi Srikanth set to play Sugiarto and Jorgensen in Dubai event.Kidambi Srikanth faltered in the first set but made a strong comeback against Kento Momoto on ...

 Dec 20 2014 - UAE- Aussie rookie makes an early impactKhaleej Times
(MENAFN - Khaleej Times) Cannon makes statement for Mena Golf Tour with a steady performance at the Dubai Open. Chris Cannon was playing for the first time in an asian tour event Dubai — An ...

 Dec 20 2014 - UAE- Chen and Saina cruiseKhaleej Times
(MENAFN - Khaleej Times) South Koreas Bae shocks Chinese No.Saina Nehwal of India in action against Sung Ji Hyun of South Korea at the BWF Destination Dubai World Superseries Finals on Thursday. ...

 Dec 20 2014 - UAE- Teary-eyed for 132 dreams lostKhaleej Times
(MENAFN - Khaleej Times) Pak ambassador condemns Taleban for using Islams cover to justify massacre Abu Dhabi: The Pakistani community in Abu Dhabi gathered at the embassy on Thursday morning to ...

 Dec 20 2014 - IT teacher steals students iPad sells it onlineKhaleej Times
(MENAFN - Khaleej Times) The teachers theft was allegedly busted after she posted an advertisement on a popular website to sell the iPad. Dubai: An Information Technology (IT) teacher is standing ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help