Description
Bentley Systems’ AI Shift: Why This Is No Longer Just An Infrastructure Software Story!
Bentley Systems Inc. reported its financial and operational performance for the first quarter of 2026, highlighting steady progress amid a dynamic industry landscape marked by ongoing infrastructure demand and emerging AI-driven transformation opportunities. The company demonstrated year-over-year total revenue growth of 14.5% ($424 million) and an annual recurring revenue (ARR) increase of 11.5% on a constant currency basis. Subscription revenues, which represent 93% of total revenues, grew by 14.7% and continue to be the primary growth driver. The net revenue retention rate remained stable at 109%, indicating strong recurring revenue expansion within existing customer accounts. The business remains anchored by a diverse and sizable customer base, particularly within large enterprise infrastructure engineering firms.
