Strong ARR Growth
Annual Recurring Revenue (ARR) increased by 10.5% year-over-year, with a net revenue retention rate of 109%. Excluding the impact of China, ARR growth was 11%.
Subscription Revenue Increase
Subscription revenues grew 14% year-over-year for the quarter on a reported basis and represent 92% of total revenues, up 2 percentage points from the previous year.
AI and Digital Twin Initiatives
Significant investments and developments in AI and digital twin technology were highlighted, with a particular focus on asset analytics and infrastructure AI co-innovation initiatives.
Year in Infrastructure Conference Success
The conference showcased significant progress with AI capabilities and the launch of Bentley Infrastructure Cloud Connect, enhancing project and asset information collaboration.