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Aveva reports FY double digit revenue growth after strong Q4

By Frank Prenesti

Date: Thursday 18 Apr 2019

(Sharecast News) - Industrial software maker Aveva reported low double-digit revenue growth for the full year as the final quarter continued the positive performance seen in the first nine months of the year.
Full-year operating margins improved, but with extra costs incurred due to a strong sales performance and higher investment levels.

"The integration of the heritage AVEVA and Schneider Electric industrial software business has continued to progress well,' the company said. 'As AVEVA starts the new financial year, further progress is expected on delivering medium-term targets, with a focus on transition to rental and subscription licencing," the company said in a trading statement.

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