AVEVA upbeat after strong second half

Engineering data and IT group AVEVA Group said that it expects to hit revenue and profit forecasts for the full year after its second half saw good demand.

Engineering data and IT group AVEVA Group said that it expects to hit revenue and profit forecasts for the full year after its second half saw good demand.

The firm said that it saw "continuing good demand" for its Engineering and Design Systems (EDS), helped mainly by the strength in Oil & Gas. Power has seen steady growth but the Marine markets remain depressed, as anticipated, AVEVA said.

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