It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. RNS Number: 3125 E AVEVA Group PLC 05 November 2020 AVEVA GROUP PLC. For the period from 1 April 2020 to 30 June 2020, organic constant currency revenue declined 3.5%. RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2020. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. 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. What is AVEVA’s SIC code? AVEVA Group plc (LON:AVV), a global leader in engineering and industrial software, today provided a trading update for the 10 months ended 31 January 2020.. The acquisition is expected to complete between December 2020 and February 2021, subject to … AVEVA’s customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. 1 Recurring revenue is defined as subscription revenue plus maintenance revenue. Aveva Group Plc’s $5 billion acquisition of SoftBank Group Corp.-backed OSIsoft last week will make the little-known software company one of the U.K.’s largest publicly traded tech companies. See insights on Aveva including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Last week, AVEVA remedied that by offering a flood of detail about its first half of fiscal 2020. 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. AVEVA intends to pay an interim dividend of 15.5 pence per share. SUMMARY: This document contains corrections to Revenue Procedure 2020-35, published in Internal Revenue Bulletin 2020-29 on Monday, July 13, 2020. [email protected], AVEVA Group plc 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. It … Aveva declared an interim dividend of 15.5 pence a share for the period, unchanged from a year earlier. I thought we weren’t going to get an update on AVEVA earnings until Schneider Electric reports Q3 results — but, no, it came sooner. 2021(E) 78.489. Tel: +44 (0) 208 323 2789 2020-11-05 15:36:37. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. Many countries were shut down as part of lockdown, and people were asked to stay home. Tel: 07789 818 684, FTI Consulting LLP On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. 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%. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. Get the detailed quarterly/annual income statement for AVEVA GROUP PLC ORD 3 5/9P (AVV.L). For more details visit: www.aveva.com. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. 1 Revenue is shown on a statutory basis. AVEVA Group PLC 25 November 2020 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES... Nov 25, 2020. Aveva has 4,600 employees across 54 locations and £766.60 M in annual revenue in FY 2019. We are focused on being digital in everything that we do, accelerating Cloud and driving the roll out of our subscription offering, AVEVA Flex. All Rights Reserved. Oct 13, 2020 | Hot Topics I thought we weren’t going to get an update on AVEVA earnings until Schneider Electric reports Q3 results — but, no, it came sooner. It is classified as operating in the New Car Dealers industry. To the Members of AVEVA Group plc Opinion In our opinion: – AVEVA Group plc’s Group financial statements and parent company financial statements (the ‘financial statements’) give a true and fair view of the state of the Group’s and of the parent company’s affairs as at 31 March 2020 and of the Group’s profit for the year then ended; A replay of the webcast call will be made available later in the day. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers worldwide. 2020. AVEVA Solutions Limited is owned by AVEVA Group plc. AVEVA Financial Results Ended 31 March 2020 AVEVA Group PLC Announces its Results for the Year Ended 31 March 2020 CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. AVEVA will host a conference call and webcast, for registered participants, at 09:30 (BST) today. 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. AVEVA's consolidated revenue for FY 2020 was £833.8 million. 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. All rights reserved. Subscription revenue grew 30%, while as expected, Maintenance revenue was broadly flat and Perpetual licences and … Terms and Conditions. Strong growth in subscription revenue continued, while maintenance revenue was broadly flat and perpetual licences and services reduced substantially. LONDON (dpa-AFX) - Information technology company AVEVA Group Plc. High Cross CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. Information technology company AVEVA Group Plc. Aveva Group Plc’s $5 billion acquisition of SoftBank Group Corp.-backed OSIsoft last week will make the little-known software company one of the U.K.’s largest publicly traded tech companies. The world is still reeling from the pandemic and the economic uncertainties. 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. The Acquisition will strengthen AVEVA’s position as a global leader in industrial software, with combined pro forma revenue of c.£1.2 billion. 3 Adjusted Earnings Before Interest and Tax (EBIT) and Adjusted Earnings Per Share (EPS) are calculated before amortisation of intangible assets (excluding other software), share-based payments, gain/loss on fair value of forward foreign exchange contracts and exceptional items. Adjusted Earnings Per Share also includes the tax effects of these adjustments. AVEVA GROUP PLC. Edward Bridges / Dwight Burden 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. Tel: 07789 818 684, FTI Consulting LLP between December 2020 … 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. 86.757. AVEVA’s SIC: 87,73. Edward Bridges / Dwight Burden 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). AVEVA continued to deliver strong growth in recurring revenue … CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. (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. CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. AVEVA is a global leader in engineering and industrial software, driving digital transformation across the entire asset and operations lifecycle of capital-intensive industries. 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 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. 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. All Rights Reserved. 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. £9.2 B. Conference call participants will be able to ask questions during the Q&A session and are also advised to watch the webcast. We also do not expect to utilise any government-backed financing, Business outlook resilient with digitalisation key to driving customers’ efficiency and high levels of recurring revenue for AVEVA. Data for this Date Range ; Sept. 30, 2020: 996.20M March 31, 2020: 1.049B Sept. 30, 2019: 1.043B AVEVA is in a strong position and our strategy and medium-term objectives remain unchanged.”. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. 2021(E) 78.489. 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. Expected to complete between December 2020 and February 2021, Underwritten Rights Issue to be launched very shortly. What is AVEVA’s NAICS code? Despite the challenging market conditions, we have continued to make significant investments and progress in strengthening AVEVA’s position as a global leader in industrial software, including agreeing the proposed acquisition of OSIsoft.”. Terms and Conditions. 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. Madingley Road 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. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. Information technology company AVEVA Group Plc. Aveva's annual revenues are over $500 million (see exact revenue data) and has 500-1,000 employees. App Store Revenue Witnessed a Major Surge in 2020 despite Pandemic Posted by Mahit Huilgol on Dec 30, 2020 in App Store, News. 86.757. On an organic, constant currency basis, revenue was up 12%. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. Other brands and products names are the trademarks of their respective companies. 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 … Cambridge AVEVA’s strategic investments. 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. Tel: 0203 727 1017, AVEVA Group plc Looking forward, AVEVA is well placed to navigate through the challenges of the current environment, with the benefit of recurring revenue from multi-year contracts. (AVV.L) expects revenue growth for financial year ended 31 March 2020 to be about 9% on a reported basis, with recurring revenue Writer, Stock Market Wire Thursday, April 16, 2020 - 07:20. 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 OSIsoft’s strong trading has continued. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. Cambridge Senior Director Global PR and External Communications Thursday, 05 November 2020. Price To Earnings (TTM) 205.74: Price To Sales (TTM) ... REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH … Matt Springett, Head of Investor Relations First, those details, then some comments: Total revenue was £392 million, up 17% as reported. 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. 4 Organic constant currency revenue excludes the reverse acquisition accounting adjustment to deferred revenue in FY19 and FY20; a currency translation benefit of £7.6 million; and adjusts for the disposals of Wonderware Italy, Germany and Scandinavia, and the acquisition of MaxGrip. View Company. ... AVEVA’s revenue is $1 Billion. OSIsoft is a global leader in real-time industrial data software. 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. 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. AVEVA Group plc is a British multinational information technology company headquartered in Cambridge, England.It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.The company started as the Computer-Aided Design Centre (or CADCentre Adjusted Earnings Per Share also includes the tax effects of these adjustments. AVEVA delivers strong growth and makes significant progress towards its medium-term targets. Balance sheet and cash flow The Group continues to maintain a strong balance sheet, with net cash and … (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. 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 … 2 Recurring revenue is defined as subscription revenue plus maintenance revenue. 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. 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%. AVEVA’s NAICS: 5112,511210. In FY19 revenue was also shown on a pro forma basis. Price To Earnings (TTM) 205.74: Price To Sales (TTM) ... REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH … 2020. 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. Aveva sees revenue growing 9%, but warns on 2021 performance amid weakness in oil and gas sector . 2 Adjusted metrics are calculated before amortisation of intangible assets (excluding other software), share-based payments, gain/loss on fair value of forward foreign exchange contracts and exceptional items. 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 Copyright © 2020 AVEVA Solutions Limited. (RTTNews) - Autodesk, Inc. (ADSK) Thursday announced that its Chief Financial Officer Scott Herren ha... See more » The interim dividend will be payable on 5 February 2021 to shareholders on the register on 8 January 2021. 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. Madingley Road Matt Springett, Head of Investor Relations High Cross The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. AVEVA, the AVEVA logos and AVEVA product names are trademarks or registered trademarks of AVEVA Group plc or its subsidiaries in the United Kingdom and other countries. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. The Company has not furloughed any employees or made any reductions to headcount related to Covid-19. 3 Organic constant currency revenue excludes a currency translation impact of £7.1 million; and adjusts for the disposals of Wonderware Italy, Germany and Scandinavia. Aveva Company Profile - Office Locations, Competitors, Revenue, Financials, Employees, Key People, Subsidiaries | Craft.co. Aveva (AVV.L) stock price, revenue, and financials. As for the second half of the fiscal year, the group said that it expects solid revenue growth. Find out the revenue, expenses and profit or loss over the last fiscal year. 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. 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 Aveva market cap is £9.2 b, and annual revenue was £766.60 m in FY 2019. Chief Executive Officer, Craig Hayman said: AVEVA’s team has adapted impressively to the current market and operating environment. AVEVA is recognised as one of the world's leading engineering, planning and operations, asset performance, and monitoring and control software companies, providing mission-critical software solutions to many of the world's largest companies in the process, batch and hybrid industries. AVEVA Group plc is a British multinational information technology company headquartered in Cambridge, England. 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