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Bentley Systems Announces Operating Results for the Second Quarter of 2023

Bentley Systems Announces Operating Results for the Second Quarter of 2023 Press Release August 8, 2023 EXTON, Pa. – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced operating results for its second quarter and six months ended June 30, 2023. Second Quarter 2023 Operating Results Total revenues were $296.7 million, up 10.6% or 10.1% on a constant currency basis, year-over-year; Subscriptions revenues were $259.2 million, up 11.7% or 10.9% on a constant currency basis, year-overyear; Annualized Recurring Revenues (“ARR”) was $1,105.9 million as of June 30, 2023, compared to $971.9 million as of June 30, 2022, representing a constant currency ARR growth rate of 13%; Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 109% for the same period last year; Operating income margin was 18.0%, compared to 20.8% for the same period last year; Adjusted operating income inclusive of stock-based compensation expense (“Adjusted OI w/SBC”) margin was 24.7%, compared to 24.0% for the same period last year; Net income per diluted share was $0.15, compared to $0.17 for the same period last year; Adjusted net income per diluted share (“Adjusted EPS”) was $0.24, compared to $0.23 for the same period last year;

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Meet the mines of the future: advanced robotics, autonomous vehicles, and AI-driven digital twins 

Meet the mines of the future: advanced robotics, autonomous vehicles, and AI-driven digital twins Industry leaders explore the role of technology in optimising mine performance and safety to accelerate the drive to net zero in a new Seequent insights paper News Alert July 28, 2023 CHRISTCHURCH, NEW ZEALAND – Seequent, The Bentley Subsurface Company, today announced the launch of its new insights paper Beyond the Hype: how technology can drive mining operations’ performance. The paper gives insights into how emerging technologies can be implemented across the mining sector, the challenges faced, and the benefits they deliver. Beyond the Hype features contributions by thought leaders from AngloGold Ashanti, Hecla Mining, IntelliSense.io, RockMass Technologies, and Seequent. It reflects key discussion points made at an industry forum hosted by Seequent and moderated by Emily King, founder and CEO of Prospector. The paper is introduced by Seequent’s Pieter Neethling, Segment Director, Mining Operations. Key points raised in the insights paper include: Accurate data is at the heart of modern mining. The application of geological data remains fundamental to making crucial decisions. Mining companies need to take advantage of better modelling and a new hybrid of artificial intelligence and digital twins to shift towards agile

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Bentley Systems, Incorporated Declares Third Quarter 2023 Dividend

Bentley Systems, Incorporated Declares Third Quarter 2023 Dividend Press Announcement July 27, 2023 EXTON, Pa. – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the third quarter of 2023. The cash dividend is payable on August 24, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on August 15, 2023. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,000 colleagues generate annual revenues of more than $1 billion

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Bentley Systems to Announce Second Quarter 2023 Operating Results

Bentley Systems to Announce Second Quarter 2023 Operating Results Press Release July 12, 2023 EXTON, Pa. – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, announced today the date for the release of its second quarter 2023 operating results. Second Quarter 2023 Operating Results Bentley Systems will release second quarter 2023 operating results, before the market opens, on Tuesday, August 8, 2023. A live Zoom video webinar of the event can be accessed at 8:15 a.m. EDT that same day through a direct registration link. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations.

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Bentley Systems Sponsors Student Bridge Contest at AASHTO Spring Meeting

Bentley Systems Sponsors Student Bridge Contest at AASHTO Spring Meeting Middle and High School Students Use Bentley Software to Design Bridge Projects and Present to AASHTO Meeting Audience in Person for First Time in Three Years News Alert 906 Bridge Co. from Michigan accepting the first place prize check for 11th and 12th grades. Image courtesy of Bentley Systems. June 21, 2023 EXTON, Pa. – Bentley Systems, Incorporated(Nasdaq: BSY), the infrastructure engineering software company, was a title sponsor of the American Association of State Highway Transportation Officials (AASHTO) STEM Solutions Bridge Challenge Finals in Seattle, Washington, on May 16. Formerly known as the AASHTO TRAC Contest, the AASHTO Bridge Challenge is a national competition designed to promote an interest in science, technology, engineering, and math (STEM) through hands-on, real-world applications. It also provides a unique opportunity for students to gain confidence in their speaking skills in front of a large audience, which included departments of transportation, engineering consulting firms, AASHTO government officials, parents, teachers, and students. Also sponsoring the event were Michael Baker International, TopoDOT, HDR, HNTB, Headlight, and Houseman & Associates. For the first time in three years since the pandemic, students from around the United States were able

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Bentley Systems Announces Allen Li has Joined as General Manager, China

Bentley Systems Announces Allen Li has Joined as General Manager, China Responsible For Bentley’s China Growth Initiatives Across All Channels Press Release Allen Li has been appointed to the new role of General Manager, China. Image courtesy of Bentley Systems. June 6, 2023 EXTON, Pa.–(BUSINESS WIRE) Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Allen Li has been appointed to the new role of General Manager, China, reporting to Chief Revenue Officer Brock Ballard. Allen Li has had a long executive career at enterprise software leader SAP, including as Chief Operating Officer, China. He earned a bachelor’s degree in Engineering and a master’s in Technology Management at Harbin Institute of Technology, and then an Executive MBA from University of Mannheim Business School. While Bentley’s infrastructure engineering offerings have become well established in major design institutes and owner organizations, the company is also pursuing substantial growth opportunities as a platform for software development and distribution by Chinese entities. Allen Li has end-to-end responsibility for all of Bentley’s business in China, including recent and potential future joint ventures to offer local Chinese products leveraging Bentley technology. Bentley Chief Operating Officer Nicholas Cumins said, “China is unique in

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Bentley Systems Announces Upcoming Conference Participation

Bentley Systems Announces Upcoming Conference Participation Press Release June 1, 2023 EXTON, Pa. – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that members of its management team will participate at the following investor conferences: Greg Bentley, Bentley Systems’ chief executive officer, will present at the Baird Global Consumer, Technology & Services Conference in New York, U.S.A. on Tuesday, June 6, 2023 from 2:00 p.m. to 2:30 p.m. (EDT). Greg Bentley, Bentley Systems’ chief executive officer, will present at the Nasdaq Investor Conference in Partnership with Jefferies in London, U.K. on Wednesday, June 14, 2023 at 9:30 a.m. to 10:00 a.m. (BST). Webcasts of the events will be available through Bentley Systems’ Investor Relations website at https://investors.bentley.com. About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure

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Bentley Systems, Incorporated Declares Second Quarter 2023 Dividend

Bentley Systems, Incorporated Declares Second Quarter 2023 Dividend Press Release May 26, 2023 EXTON, Pa. – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that its Board of Directors declared a $0.05 per share dividend for the second quarter of 2023. The cash dividend is payable on June 20, 2023 to all stockholders of record of Class A and Class B common stock as of the close of business on June 8, 2023.  About Bentley Systems Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,000 colleagues generate annual revenues of more than $1 billion in 194 countries. For more information, visit www.bentley.com.  This press release contains statements that are not historical

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Sheena Gaynes of Bentley Systems Named to CRN’s 2023 Women of the Channel List

Sheena Gaynes of Bentley Systems Named to CRN’s 2023 Women of the Channel List Press Release Sheena Gaynes, Director, Strategic Partnerships, Global System Integrators, with Bentley Systems. Image courtesy of Bentley Systems. May 23, 2023 EXTON, Pa. – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced CRN®, a brand of The Channel Company, has named Sheena Gaynes to the Women of the Channel list for 2023. Each year, CRN recognizes women from vendor, distributor, and solution provider organizations whose expertise and vision are leaving a noticeable and commendable mark on the technology industry. The CRN 2023 Women of the Channel honorees bring their creativity, strategic thinking, and leadership to bear in a variety of roles and responsibilities, but all are turning their unique talents toward driving success for their partners and customers. With this recognition, CRN honors these women for their unwavering dedication and commitment to furthering channel excellence. Gaynes is featured on the CRN® Women of the Channel list for a fifth time. As Bentley’s Director of Strategic Partnerships for Global System Integrators, Gaynes leads a team responsible for business development, contract negotiations, and joint go-to-market efforts to generate new subscription revenue. She enables global

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Bentley Systems Announces Operating Results for the First Quarter of 2023

Bentley Systems Announces Operating Results for the First Quarter of 2023 Press Release May 9, 2023 EXTON, Pa.  Bentley Systems, Incorporated (Nasdaq: BSY) (Bentley Systems or the Company), the infrastructure engineering software company, today announced operating results for its first quarter ended March 31, 2023. This press release features multimedia. View the full release here. First Quarter 2023 Financial Results Total revenues were $314.4 million, up 14.1% or 17.1% on a constant currency basis, year-over-year; Subscriptions revenues were $277.8 million, up 15.2% or 18.0% on a constant currency basis, year-overyear; Annualized Recurring Revenues (ARR) was $1,071.0 million as of March 31, 2023, representing a constant currency ARR growth rate of 13% from March 31, 2022; Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 108% for the same period last year; Operating income margin was 20.9%, compared to 20.5% for the same period last year; Adjusted operating income inclusive of stock-based compensation expense (Adjusted OI w/SBC) margin was 28.8%, compared to 28.4% for the same period last year; Net income per diluted share was $0.14, compared to $0.18 for the same period last year; Adjusted net income per diluted share (Adjusted EPS) was $0.25, consistent with the

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