Strong finish for AVEVA

Engineering data and design information technology systems provider AVEVA put in a strong finish to the financial year just ended, driven by strong demand from the oil and gas industry.

The Europe, Middle East and Africa (EMEA) region continued to perform strongly in the second half of the year, the group said, while the group's Latin American operations were once again the star performers in the Americas.

Asia Pacific recovered well in the second half following the restructure of the operations in China in the first half of the fiscal year.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

"Our business in China has recovered and is now gaining real momentum and Enterprise Solutions continues to make good progress," disclosed Richard Longdon, Chief Executive of AVEVA.

Once the numbers for the year to the end of March are totted up, the board expects they will be in line with market expectations.

JH