Aveva falls despite profit growth
Aveva, the Cambridge based engineering IT company has seen revenues rise 9% in the six months to the end of September compared to the same period of 2010.
Aveva, the Cambridge based engineering IT company has seen revenues rise 9% in the six months to the end of September compared to the same period of 2010.
Between April and September the firm made a total of £85.2m, producing profits before tax of £26.1m, a rise of 6% on 2010. Adjusted earnings per share rose 7% and net cash at the end of the period was £157.5m, compared to £10.1m in 2010.
The interim dividend was raised from 3.36p per share to 4p.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Aveva says sales growth in emerging markets is strong and that recurring revenues make up 69% of total revenues.
Chief Executive Richard Longdon said of the outlook: "We are pleased with our progress in the first half, especially the development of the Enterprise Solutions business and the continued growth in Latin America and Russia."
Shares in Aveva were down 3% in early trading although over the last 12 months the company has risen 10%.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz