Financial Performance - The company's LTM recurring revenues reached $1350 million, a 13% increase (CC +13%) [127] - ARR reached $1405 million as of September 30, 2025 [131] - The company anticipates total revenues between $1461 million and $1490 million, or $1481 million to $1510 million in constant currency for the full year 2025 [141] - Free cash flow for the full year 2025 is projected to be between $430 million and $470 million [141] - Q3 subscriptions revenues increased to $344 million [124] - Q3 services revenues increased to $21 million [124] Growth & Adoption - Data center construction spend has increased by 184% since December 2022 [28] - Approximately half of survey respondents are either piloting AI or have already implemented it [87] - The company's OpenSite+ delivers projects up to 10 times faster [89] AI Implementation & Concerns - 40% of respondents believe AI is a major consideration, and they are actively adapting their business model for significant future disruption [55] - Security and data privacy risks are the primary concerns across all firms adopting AI, with 45.7% of respondents indicating this concern [99] - 27.9% of respondents believe that faster AI adoption by competitors will surpass them in data-driven decision-making [45, 50]

Core Insights - Bentley Systems announced the launch of Bentley Infrastructure Cloud Connect, a foundational layer designed to enhance connectivity among data and people throughout the infrastructure lifecycle and value chain [1][15] Group 1: Product Features - Bentley Infrastructure Cloud Connect provides a connected data environment, allowing infrastructure professionals to access and manage project and asset data in one place, improving collaboration from design to operations [2][3] - The platform supports over 50 distinct file formats and integrates with various enterprise systems, creating digital twins of assets in their built and natural environments [3][4] - A unified web experience visualizes infrastructure data in full geospatial context, enhanced by Bentley's Cesium 3D capabilities, and includes a mobile app for project connectivity [5][6] Group 2: User Benefits - Early adopters report that the platform has facilitated access to curated views of 72 projects for over 900 external stakeholders from 86 organizations, helping to avoid costly missteps and save millions in potential rework [3] - Connect enables seamless collaboration across infrastructure ecosystems, allowing users to share files, capture feedback, and manage deliverables efficiently [4] Group 3: Future Availability - Bentley Infrastructure Cloud Connect is set to become generally available in December 2025, serving as the entry point to more advanced workflows in ProjectWise and AssetWise [6]