1 Revenue is shown on a statutory basis. Engineering and industrial software group Aveva reported that revenue fell 3.5% in the fiscal first quarter owing to disruption caused by the Covid-19 pandemic. Writer, Stock Market Wire Thursday, April 16, 2020 - 07:20. First, those details, then some comments: Total revenue was £392 million, up 17% as reported. Growth across all geographic regions with Asia Pacific showing particular strength, Anti-Slavery and Human Trafficking Statement, Revenue grew 8.8% to £833.8m (FY19: £766.6m), Organic constant currency revenue4 grew 7.4%, Recurring revenue up 25.7% to £518.5m (FY19: £412.6m) representing 62.2% of total revenue (FY19: 53.8%), Each of the Business Units grew, with strong growth in Asset Performance Management (APM) and Planning & Operations, Successful introduction of AVEVA Flex subscription model supporting strong growth in subscription, Cloud growth accelerating with an increase of some 200% in total contract value, Adjusted EBIT up 23.3% to £216.8m (FY19: £175.9m) with margins up to 26.0% (FY19: 22.9%), in-line with expected progress towards medium term target of 30%, Strong balance sheet with cash and deposits of £114.6m, no debt and strong cash collection post year end, Final dividend maintained at 29.0 pence per share reflecting confidence in AVEVA’s resilience, strong balance sheet position and ongoing cash generation, balanced with prudence regarding the global economic crisis. AVEVA Group plc (LON:AVV), a global leader in engineering and industrial software, has announced the following trading update for the period from 1 April 2020 to 30 June 2020.. AVEVA continued to deliver strong growth in recurring revenue during the first quarter. Get the detailed quarterly/annual income statement for AVEVA GROUP PLC ORD 3 5/9P (AVV.L). Data for this Date Range ; Sept. 30, 2020: 996.20M March 31, 2020: 1.049B Sept. 30, 2019: 1.043B OSIsoft’s strong trading has continued. AVEVA intends to pay an interim dividend of 15.5 pence per share. Tel: 0203 727 1017, AVEVA Group plc 1 Recurring revenue is defined as subscription revenue plus maintenance revenue. Price To Earnings (TTM) 205.74: Price To Sales (TTM) ... REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH … What is AVEVA’s NAICS code? [email protected], AVEVA Group plc AVEVA's Board intends to maintain a final dividend of 29.0 pence per share at a cost of £46.8 million (FY19: 29.0 pence per share at a cost of £46.8 million). Recurring revenue as a percentage of total revenue increased to 64.2% (H1 FY20: 61.9%) and grew in three of AVEVA’s four business units Reduction in adjusted costs 2 of 8.3% (5.8% on a constant currency basis) as a result of tight cost control; Adjusted EBIT of £56.3m (H1 FY20: £90.6m) was impacted by the decline in revenue To the Members of AVEVA Group plc Opinion In our opinion: – AVEVA Group plc’s Group financial statements and parent company financial statements (the ‘financial statements’) give a true and fair view of the state of the Group’s and of the parent company’s affairs as at 31 March 2020 and of the Group’s profit for the year then ended; AVEVA will host a conference call and webcast, for registered participants, at 09:30 (BST) today. Aveva sees revenue growing 9%, but warns on 2021 performance amid weakness in oil and gas sector . AVEVA delivers strong growth and makes significant progress towards its medium-term targets. AVEVA Group plc is a British multinational information technology company headquartered in Cambridge, England.It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.The company started as the Computer-Aided Design Centre (or CADCentre For the period from 1 April 2020 to 30 June 2020, organic constant currency revenue declined 3.5%. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers worldwide. The Company has not furloughed any employees or made any reductions to headcount related to Covid-19. 86.757. Aveva market cap is £9.2 b, and annual revenue was £766.60 m in FY 2019. 2 Adjusted metrics are calculated before amortisation of intangible assets (excluding other software), share-based payments, gain/loss on fair value of forward foreign exchange contracts and exceptional items. AVEVA Group plc (LON:AVV), a global leader in engineering and industrial software, today provided a trading update for the 10 months ended 31 January 2020.. 86.757. Price To Earnings (TTM) 205.74: Price To Sales (TTM) ... REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH … AVEVA continued to see similar trends in the first four months of FY 2021 to those that were outlined in its first quarter trading update for the three months to 30 June 2020. AVEVA’s SIC: 87,73. Edward Bridges / Dwight Burden Subject to approval at AVEVA's AGM on 21 July 2020, the final dividend will be payable on 11 August 2020 to shareholders on the register as at 10 July 2020. It … Aveva Group PLC said Thursday that it expects to report higher revenue and margins for fiscal 2020, but it warned of a potential hit in April-September from the global macroeconomic downturn. As for the second half of the fiscal year, the group said that it expects solid revenue growth. (RTTNews) - Autodesk, Inc. (ADSK) Thursday announced that its Chief Financial Officer Scott Herren ha... See more » Aveva's annual revenues are over $500 million (see exact revenue data) and has 500-1,000 employees. Aveva is buying the company that's 53% held by its founder and 45% held by SoftBank 9984, +0.15% to create a company with revenue of about £1.2 … Aveva has 4,600 employees across 54 locations and £766.60 M in annual revenue in FY 2019. All Rights Reserved. AVEVA is a global leader in engineering and industrial software, driving digital transformation across the entire asset and operations lifecycle of capital-intensive industries. This positive trading momentum has continued in recent months, with billings increasing by approximately 12% in the first nine months of 2020 compared to the same period last year, Regulatory approvals on track. I thought we weren’t going to get an update on AVEVA earnings until Schneider Electric reports Q3 results — but, no, it came sooner. The Group achieved high single-digit organic constant currency revenue growth in the first ten months of the financial year. OSIsoft is a global leader in real-time industrial data software. AVEVA continued to deliver strong growth in recurring revenue … AVEVA is in a strong position and our strategy and medium-term objectives remain unchanged.”. Aveva Group Plc’s $5 billion acquisition of SoftBank Group Corp.-backed OSIsoft last week will make the little-known software company one of the U.K.’s largest publicly traded tech companies. Tel: 07789 818 684, FTI Consulting LLP Yesterday, AVEVA said that revenue for its April to September half-year would be around £333 million, down 15% as reported (12% in constant currencies, cc) from a year ago. Aveva Group PLC said Thursday that it expects to report higher revenue and margins for fiscal 2020, but it warned of a potential hit in April-September from the global macroeconomic downturn. Madingley Road 2020. AVEVA delivers a creditable performance in H1 FY21 in a Covid-disrupted trading environment and a strong H2 pipeline gives the Board confidence in its outlook for the full year. Aveva Group PLC balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. Chief Executive Officer, Craig Hayman said: AVEVA’s team has adapted impressively to the current market and operating environment. Other brands and products names are the trademarks of their respective companies. 2020-11-05 15:36:37. Chief Executive Officer, Craig Hayman said: “Given the Covid-19 disruption, AVEVA has performed creditably in what has been a relatively tough trading environment in the first half, and against very tough comparatives. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. Cambridge AVEVA Group PLC 25 November 2020 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES... Nov 25, 2020. AVEVA’s NAICS: 5112,511210. AVEVA GROUP PLC. 2021(E) 78.489. Senior Director Global PR and External Communications It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. AVEVA continued to make progress in its business model transition, with recurring revenue increasing to 64.2% of total revenue (H1 FY20: 61.9%) and Cloud delivered particularly good growth with a 50% increase in orders. Tel: +44 (0) 208 323 2789 Revenue growth 8.8% Adjusted EBIT growth of 23.3% with margins up to 26.0% Strong balance sheet and final dividend maintained Business model transition to drive long-term value Recurring revenue up 25.7% to 62.2% of total revenue, exceeding medium-term target Cloud growth accelerated with an increase of over nearly 200% in orders AVEVA’s strategic investments. Copyright © 2020 AVEVA Solutions Limited. RNS Number: 3125 E AVEVA Group PLC 05 November 2020 AVEVA GROUP PLC. The world is still reeling from the pandemic and the economic uncertainties. View Company. 3 Adjusted Earnings Before Interest and Tax (EBIT) and Adjusted Earnings Per Share (EPS) are calculated before amortisation of intangible assets (excluding other software), share-based payments, gain/loss on fair value of forward foreign exchange contracts and exceptional items. Yesterday, AVEVA said that revenue for its April to September half-year would be around £333 million, down 15% as reported (12% in constant currencies, cc) from a year ago. High Cross Last week, AVEVA remedied that by offering a flood of detail about its first half of fiscal 2020. ... AVEVA’s revenue is $1 Billion. Cambridge Matt Springett, Head of Investor Relations Aveva (AVV.L) stock price, revenue, and financials. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. The safety of our employees is paramount and I was very pleased that we managed to deliver a successful close to our financial year with 95% of employees working remotely. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. 2 Recurring revenue is defined as subscription revenue plus maintenance revenue. Edward Bridges / Dwight Burden Tel: 07789 818 684, FTI Consulting LLP SUMMARY: This document contains corrections to Revenue Procedure 2020-35, published in Internal Revenue Bulletin 2020-29 on Monday, July 13, 2020. What is AVEVA’s SIC code? OSIsoft performed strongly in the seven months ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019, and adjusted EBIT and operating cash flow increasing by 110.1% and 33.3%, respectively. Aveva declared an interim dividend of 15.5 pence a share for the period, unchanged from a year earlier. Oct 13, 2020 | Hot Topics I thought we weren’t going to get an update on AVEVA earnings until Schneider Electric reports Q3 results — but, no, it came sooner. Looking forward, AVEVA is well placed to navigate through the challenges of the current environment, with the benefit of recurring revenue from multi-year contracts. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. £9.2 B. (AVV.L) expects revenue growth for financial year ended 31 March 2020 to be about 9% on a reported basis, with recurring revenue In FY19 revenue was also shown on a pro forma basis. Adjusted Earnings Per Share also includes the tax effects of these adjustments. 3 Organic constant currency revenue excludes a currency translation impact of £7.1 million; and adjusts for the disposals of Wonderware Italy, Germany and Scandinavia. Our order pipeline for the remainder of the year is strong and we expect the Group to achieve year-on-year revenue growth in the second half of the financial year. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. AVEVA also reported that OSIsoft performed strongly in the seven months ended 31 July 2020, with revenue increasing by 9.5% compared to the seven months to … Thursday, 05 November 2020. AVEVA’s customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. AVEVA's consolidated revenue for FY 2020 was £833.8 million. 5 November 2020 | 07:59am StockMarketWire.com - Software group Aveva maintained its interim dividend despite swinging to a first-half loss as revenue fell on delays in closing new business. Conference call participants will be able to ask questions during the Q&A session and are also advised to watch the webcast. AVEVA Financial Results Ended 31 March 2020 AVEVA Group PLC Announces its Results for the Year Ended 31 March 2020 CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. Terms and Conditions. We also do not expect to utilise any government-backed financing, Business outlook resilient with digitalisation key to driving customers’ efficiency and high levels of recurring revenue for AVEVA. Terms and Conditions. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. (AVV.L) expects revenue growth for financial year ended 31 March 2020 to be about 9% on a reported basis, with recurring revenue exceeding the medium-term target of 60% of total revenue, ahead of schedule. Of lockdown, and People were asked to stay home 15.5 pence Per Share also includes the effects. 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