Bentley Systems, Incorporated (BSY) Q1 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Carey Mann

Good morning, everyone and thank you for joining us for Bentley Systems Q1, 2022 operating Results Webcast. I'm Carey Mann, Bentley's VP of Investor Relations. On the webcast today, we have Bentley Systems Chief Executive Officer, Greg Bentley, Chief Financial Officer, Werner Andre, Chief Operating Officer, Nicholas Cumins, and Chief Investment Officer, David Hollister. Before we begin, allow me to provide a disclaimer regarding forward-looking statements.

This webcast, including the question-and-answer portion of the webcast, may include forward-looking statements related to the expected future results for our company and are therefore forward-looking statements. Our actual results may differ materially from our projections due to a number of risks and uncertainties. The risks and uncertainties that forward-looking statements are subject to are described in our operating release and other SEC filings. Today's remarks will also include references to non - GAAP financial measures.

Additional information, including reconciliation between non - GAAP financial information to the GAAP financial information, is provided in the press release and supplemental slide presentation. This webcast will be available for replay on Bentley Systems Investor Relations website at investors. bentley.com. After the presentation, we will then conclude with Q & A. And with that, let me introduce the CEO of Bentley Systems, Greg Bentley.

Good morning, as the case may be and thanks to each of you for your interest. Our operating results presentation will follow our now standard sequence. I will now briefly cover tone of business and will be back after Nicolas for commentary about corporate developments. When we last met it was already March, but much has happened in the world since then. Our '22 Q1, operating results signify BSY's overall resilience, but with significant developments to remark upon which we will do briskly today. This includes not only the war between Russia and Ukraine, but also related effects that I term counter globalism impacting our business as a U.S. company in China.

These developments and our responses to date will be covered today, as to Russia by our Chief Operating Officer, Nicholas Cumins, based in Europe, and as to China, by our Chief Investment Officer David Hollister and colleague, Chris Lou. Chris was until this year our Territory Executive for North Asia, within which he helped grow greater China to reach 5% of our business. And he's now heading Glocalization Initiatives for BSY investments.