AVEVA GROUP PLC
Trading Update and Notice of Results
AVEVA Group plc ('AVEVA' or 'the Group'), a global leader in engineering and industrial software, provides a trading update for the six months ended 30 September 2018.
AVEVA continued to perform well during the first half of its financial year. The Group delivered low double digit revenue growth on a constant currency basis. This growth included the impact of good sales execution, with a number of contracts being brought forward into the first half and some benefit of upfront revenue recognition on multiyear rental contracts.
The integration of the heritage AVEVA and Schneider Electric industrial software business is on track, with progress made in putting cost savings initiatives in place, with the financial benefits of this expected to start showing in the second half.
AVEVA will announce its first half results on 20 November 2018.
AVEVA Group plc
Matt Springett, Head of Investor Relations
Tel: 01223 556 676
FTI Consulting LLP
Edward Bridges / Dwight Burden
Tel: 020 3727 1000
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