aveva revenue 2020

Anti-Slavery and Human Trafficking Statement, First half results were broadly in-line with the Group’s plan for the shape of the year, save for an increased FX translation headwind and two medium-sized subscription deals slipping from Q2 into Q3, Adjusting for the previously disclosed early renewal of a significant contract, which caused approximately £20 million pull forward of revenue into September 2019, organic constant currency revenue, Without this adjustment organic constant currency revenue declined, 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, Adjusted EBIT of £56.3m (H1 FY20: £90.6m) was impacted by the decline in revenue, Strong focus on strategic investments to drive future growth with R&D investment in AI, Cloud and Extended Reality and digital marketing investment increased, AVEVA’s position as a global leader in industrial software will be strengthened by the proposed acquisition of OSIsoft, a global leader in real-time industrial data software, Strong second half order pipeline underpins the Board’s confidence in its outlook for the full year, Interim dividend maintained at 15.5 pence per share, reflecting confidence in AVEVA’s resilience, OSIsoft has continued to perform strongly in the seven-month period ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019 and operating profit increasing by 110.1%. 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 The Acquisition will strengthen AVEVA’s position as a global leader in industrial software, with combined pro forma revenue of c.£1.2 billion. See insights on Aveva including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Edward Bridges / Dwight Burden 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. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. 1 Recurring revenue is defined as subscription revenue plus maintenance revenue. 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). What is AVEVA’s SIC code? I thought we weren’t going to get an update on AVEVA earnings until Schneider Electric reports Q3 results — but, no, it came sooner. All rights reserved. CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. AVEVA's consolidated revenue for FY 2020 was £833.8 million. Aveva has 4,600 employees across 54 locations and £766.60 M in annual revenue in FY 2019. 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. Q1 Trading Update AVEVA Group plc ('AVEVA' or 'the Group'), a global leader in engineering and industrial software, announces the following trading update for the period from 1 April 2020 to 30 June 2020. Kainos Group PLC had missed expectations on May 26 with fourth quarter EPS of £0.07 on revenue of £91.89M, compared to forecast for EPS of £8.94 on revenue of £89.45M. 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. AVEVA’s customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. 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. 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. (RTTNews) - Autodesk, Inc. (ADSK) Thursday announced that its Chief Financial Officer Scott Herren ha... See more » SUMMARY: This document contains corrections to Revenue Procedure 2020-35, published in Internal Revenue Bulletin 2020-29 on Monday, July 13, 2020. For the period from 1 April 2020 to 30 June 2020, organic constant currency revenue declined 3.5%. Aveva's annual revenues are over $500 million (see exact revenue data) and has 500-1,000 employees. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. Matt Springett, Head of Investor Relations AVEVA’s NAICS: 5112,511210. OSIsoft is a global leader in real-time industrial data software. 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. Thursday, 05 November 2020. All Rights Reserved. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. We are focused on being digital in everything that we do, accelerating Cloud and driving the roll out of our subscription offering, AVEVA Flex. Find out the revenue, expenses and profit or loss over the last fiscal year. 86.757. 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. First, those details, then some comments: Total revenue was £392 million, up 17% as reported. High Cross Aveva sees revenue growing 9%, but warns on 2021 performance amid weakness in oil and gas sector . Information technology company AVEVA Group Plc. We continue to see solid demand from our customers for AVEVA’s software to help them digitize and the long-term trend towards digitalization of the industrial world remains very exciting. Copyright © 2020 AVEVA Solutions Limited. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. The acquisition is expected to complete between December 2020 and February 2021, subject to … 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 … The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. 2 Recurring revenue is defined as subscription revenue plus maintenance revenue. The interim dividend will be payable on 5 February 2021 to shareholders on the register on 8 January 2021. Matt Springett, Head of Investor Relations 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’s strategic investments. To register for the webcast and access the presentation materials please visit: www.aveva.com/Investors, Telephone UK: +44 (0) 2071 928 000 / 0800 376 7922, Telephone US: +1 866 966 1396 / +1 631 510 7495. (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. 2020. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. Last week, AVEVA remedied that by offering a flood of detail about its first half of fiscal 2020. AVEVA continued to deliver strong growth in recurring revenue … between December 2020 … All Rights Reserved. The Company has not furloughed any employees or made any reductions to headcount related to Covid-19. On an organic, constant currency basis, revenue was up 12%. 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. RNS Number: 3125 E AVEVA Group PLC 05 November 2020 AVEVA GROUP PLC. 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. 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 … CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. Tel: 0203 727 1017, Rose Bambi LONDON (dpa-AFX) - Information technology company AVEVA Group Plc. Tel: 0203 727 1017, AVEVA Group plc A replay of the webcast call will be made available later in the day. Terms and Conditions. Writer, Stock Market Wire Thursday, April 16, 2020 - 07:20. Terms and Conditions. Cambridge 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. Chief Executive Officer, Craig Hayman said: AVEVA’s team has adapted impressively to the current market and operating environment. 1 Revenue is shown on a statutory basis. (AVV.L) expects revenue growth for financial year ended 31 March 2020 to be about 9% on a reported basis, with recurring revenue Interim dividend maintained at 15.5 pence per share, reflecting confidence in AVEVA’s resilience OSIsoft update OSIsoft has continued to perform strongly in the seven-month period ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019 and operating profit increasing by 110.1%. Aveva market cap is £9.2 b, and annual revenue was £766.60 m in FY 2019. AVEVA Solutions Limited is owned by AVEVA Group plc. AVEVA is in a strong position and our strategy and medium-term objectives remain unchanged.”. 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. 2021(E) 78.489. 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 and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. Tel: 07789 818 684, FTI Consulting LLP View Company. Edward Bridges / Dwight Burden 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 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. [email protected], AVEVA Group plc 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. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers worldwide. Aveva's report follows an earnings missed by Sage on May 13, who reported EPS of £0.2 on revenue of £975.0M, compared to forecasts EPS of £14.17 on revenue of £961.50M. Price To Earnings (TTM) 205.74: Price To Sales (TTM) ... REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH … Many countries were shut down as part of lockdown, and people were asked to stay home. Adjusted Earnings Per Share also includes the tax effects of these adjustments. 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. Madingley Road Senior Director Global PR and External Communications Other brands and products names are the trademarks of their respective companies. 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. Price To Earnings (TTM) 205.74: Price To Sales (TTM) ... REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH … OSIsoft’s strong trading has continued. 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. By aveva Group plc in the first ten months of the fiscal year asked to stay home the call. 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