Van-- Seequent? subsurface digital twins???? what is this company up to?
Bentley Systems reports Q2 adjusted EPS 23c, consensus 14c 07:04 BSY Reports Q2 revenue $222.93M, consensus $212.4M. Annualized recurring revenue, or ARR, was $882.4M. CEO Greg Bentley said, "Amidst the fits and starts which characterize the global resumption of growth for infrastructure engineering in 2021, going digital has remained an overarching priority that continues to benefit our software users, infrastructure projects and assets, and our operating results. A highlight for us this quarter has been the inclusion of Seequent, and subsurface digital twins, into our company and into our new financial outlook. Somewhat restrained favorable directions continue in the preponderance of our business, with usage growth beyond the pre-pandemic levels of 2019, resulting uptrends in ARR and new business and subscription revenues, and continued upward inflections in SMB subscriptions and resulting business from new accounts. Our growth bottlenecks continue to be ever more localized to industrial and resources 'capex,' and to the geographies (especially Middle East and Southeast Asia) most dependent on this sector-with a new concern brought on by unanticipated subscription attrition within mid-size enterprise accounts in greater China, despite an otherwise healthy demand environment in that territory."