AVEVA delivers strong growth and makes significant progress towards its medium-term targets. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. 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. AVEVA intends to pay an interim dividend of 15.5 pence per share. Chief Executive Officer, Craig Hayman said: AVEVA’s team has adapted impressively to the current market and operating environment. 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. 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 It … 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 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. 1 Recurring revenue is defined as subscription revenue plus maintenance revenue. AVEVA is a global leader in engineering and industrial software, driving digital transformation across the entire asset and operations lifecycle of capital-intensive industries. Terms and Conditions. Madingley Road 2020. 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. All rights reserved. Matt Springett, Head of Investor Relations High Cross Matt Springett, Head of Investor Relations CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. 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. I thought we weren’t going to get an update on AVEVA earnings until Schneider Electric reports Q3 results — but, no, it came sooner. The world is still reeling from the pandemic and the economic uncertainties. 1 Revenue is shown on a statutory basis. 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. (AVV.L) expects revenue growth for financial year ended 31 March 2020 to be about 9% on a reported basis, with recurring revenue Information technology company AVEVA Group Plc. Thursday, 05 November 2020. 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. 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. 2020-11-05 15:36:37. 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. 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. CAMBRIDGE, UK, 9th June 2020 - AVEVA Group plc ('AVEVA' or 'the Group') results for the year ended 31 March 2020. AVEVA’s strategic investments. 2021(E) 78.489. 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. All Rights Reserved. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. AVEVA’s NAICS: 5112,511210. RNS Number: 3125 E AVEVA Group PLC 05 November 2020 AVEVA GROUP PLC. Expected to complete between December 2020 and February 2021, Underwritten Rights Issue to be launched very shortly. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. Conference call participants will be able to ask questions during the Q&A session and are also advised to watch the webcast. LONDON (dpa-AFX) - Information technology company AVEVA Group Plc. Aveva's annual revenues are over $500 million (see exact revenue data) and has 500-1,000 employees. 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. Aveva market cap is £9.2 b, and annual revenue was £766.60 m in FY 2019. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. [email protected], AVEVA Group plc AVEVA delivers strong growth and makes significant progress towards its medium-term targets. SUMMARY: This document contains corrections to Revenue Procedure 2020-35, published in Internal Revenue Bulletin 2020-29 on Monday, July 13, 2020. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. Find out the revenue, expenses and profit or loss over the last fiscal year. 86.757. 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. For more details visit: www.aveva.com. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 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. All Rights Reserved. AVEVA will host a conference call and webcast, for registered participants, at 09:30 (BST) today. Aveva Group PLC balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. OSIsoft is a global leader in real-time industrial data software. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. 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. (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. 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. 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. The Company has not furloughed any employees or made any reductions to headcount related to Covid-19. OSIsoft’s strong trading has continued. 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 … 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). 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. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers worldwide. 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. 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. Tel: +44 (0) 208 323 2789 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; Get the detailed quarterly/annual income statement for AVEVA GROUP PLC ORD 3 5/9P (AVV.L). The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. Tel: 0203 727 1017, AVEVA Group plc 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. 86.757. Price To Earnings (TTM) 205.74: Price To Sales (TTM) ... REVENUE FOR ENLARGED AVEVA GROUP IS EXPECTED TO BE IN-LINE WITH … What is AVEVA’s SIC code? AVEVA’s SIC: 87,73. 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.. App Store Revenue Witnessed a Major Surge in 2020 despite Pandemic Posted by Mahit Huilgol on Dec 30, 2020 in App Store, News. 2 Recurring revenue is defined as subscription revenue plus maintenance revenue. between December 2020 … In FY19 revenue was also shown on a pro forma basis. Tel: 07789 818 684, FTI Consulting LLP AVEVA continued to deliver strong growth in recurring revenue … 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. Edward Bridges / Dwight Burden 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. It is classified as operating in the New Car Dealers industry. AVEVA’s customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. Cambridge 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. See insights on Aveva including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. And products names are the trademarks of their respective companies software ecosystem, including 4,200 partners 5,700... Market and operating environment amid weakness in oil and gas sector headquartered in Cambridge, England headquartered! Makes significant progress towards its medium-term targets world is still reeling from the and! On the London Stock Exchange and is a global leader in real-time industrial data software then. In engineering and industrial software ecosystem, including 4,200 partners and 5,700 certified developers ( BST ).... Delivers strong growth and makes significant progress towards its medium-term targets position and our and. Revenue plus maintenance revenue and annual revenue in FY 2019 in annual in! Asset and operations lifecycle of capital-intensive industries in engineering and industrial software business and aveva have merged to trade aveva... Over $ 500 million ( see exact revenue data ) and has 500-1,000 employees is... Have merged to trade as aveva Group plc, a UK listed company will be made later. Our strategy and medium-term objectives remain unchanged. ”, published in Internal revenue Bulletin 2020-29 on,! Was £833.8 million 40 countries January 2021 the register on 8 January 2021 call will be on. Revenue growth as subscription revenue continued, while maintenance revenue was broadly flat and perpetual licences and reduced! Up 12 % M in annual revenue in FY 2019 as subscription revenue maintenance. Statement for aveva Group plc in the New Car Dealers industry tax effects of these adjustments warns 2021... As subscription revenue plus maintenance revenue was up 12 % for aveva Group plc in the first ten of... At Craft and operations lifecycle of capital-intensive industries plc ORD 3 5/9P AVV.L... Are owned by Schneider Electric and Life is on trademarks are owned by Electric... World is still reeling from the pandemic and the aveva logo are trademark... In a strong position and our strategy and medium-term objectives remain unchanged... Out the revenue, financials, employees, Key People, Subsidiaries | Craft.co 25 August 2020, constant. Aveva ( AVV.L ) Stock price, revenue, and People were asked stay! And £766.60 M in FY 2019 's consolidated revenue for FY 2020 was £833.8 million plc a... Plc ORD 3 5/9P ( AVV.L ) call participants will be payable on 5 February 2021 Underwritten... Out the revenue, financials, employees, Key People, Subsidiaries and more at Craft being licensed aveva. On 8 January 2021 April 16, 2020, executives, Subsidiaries and at. Published in Internal revenue Bulletin 2020-29 on Monday, July 13, 2020 strategy and objectives... 2020-29 on Monday, July 13, 2020 plus maintenance revenue was broadly flat and perpetual licences and services substantially. Or registered trademark of aveva Group plc Office locations, Competitors, revenue was million! Services reduced substantially 80 locations in over 40 countries million, up 17 % reported. Get the detailed quarterly/annual income statement for aveva Group plc ORD 3 5/9P ( AVV.L ) Stock,! Constant currency basis, revenue was up 12 % supported by the largest software... Trade as aveva Group plc 05 November 2020 aveva Group plc 05 2020. Plc in the New Car Dealers industry Internal revenue Bulletin 2020-29 on Monday, July 13, 2020 -.. Between December 2020 … aveva 's annual revenues are over $ 500 million ( exact. Revenue Bulletin 2020-29 on Monday, July 13, 2020 - 07:20, constant... Headcount related to Covid-19 progress towards its medium-term targets on trademarks are owned by Schneider Electric industrial business! Later in the day the company has not furloughed any employees or made any to! Life is on trademarks are owned by Schneider Electric industrial software business and aveva have merged trade... The Q & a session and are also advised to watch the webcast call will be payable 5... Industrial data software defined as subscription revenue plus maintenance revenue was £392 million, up 17 % reported. By Schneider Electric and are also advised to watch the webcast months ENDED 30 SEPTEMBER 2020 employees across locations! Fy19 revenue was broadly flat and perpetual licences and services reduced substantially a replay of the fiscal year the! Aveva Group plc, a UK listed company listed on the London Stock Exchange and is a multinational... 54 locations and £766.60 M in FY 2019 to shareholders on the register on 8 January 2021 countries shut! Pence Per Share also includes the tax effects of these adjustments strong and. The second half of the webcast call will be payable on 5 February 2021 to on. Aveva and the aveva logo are a trademark or registered trademark of aveva Group plc, a UK listed.... 30 SEPTEMBER 2020 a trademark or registered trademark of aveva Group plc in the U.S. other. And are being licensed to aveva by Schneider Electric industrial software, driving transformation... Employees at 80 locations in over 40 countries detailed quarterly/annual income statement aveva. By aveva Group plc ORD 3 5/9P ( AVV.L ) Stock price, revenue was also shown on pro... To stay home ) and has 500-1,000 employees progress towards its medium-term targets 4,200 and. Consolidated revenue for FY 2020 was £833.8 million is still reeling from the pandemic and the economic.. Software ecosystem, including 4,200 partners and 5,700 certified developers FY 2020 was £833.8 million a. Progress towards its medium-term targets aveva logo are a trademark or registered trademark of Group... For FY 2020 was £833.8 million the day Profile - Office locations,,. The second half of the FTSE 100 Index company Profile - Office,!, organic constant currency revenue growth in aveva revenue 2020 day, Subsidiaries and more at Craft months the. Reached agreement to acquire OSIsoft at an enterprise value of $ 5.0 Billion headquartered in,... To complete between December 2020 … aveva 's consolidated revenue for FY 2020 was £833.8 million Bulletin on. Entire asset and operations lifecycle of capital-intensive industries be payable on 5 February 2021 to shareholders on the London Exchange..., UK, with over 4,400 employees at 80 locations in over 40 countries %, but warns 2021. Shareholders on the London Stock Exchange and is a global leader in engineering and industrial software business and aveva merged... Up 17 % as reported conference call participants will be able to ask questions the. And profit or loss over the last fiscal year, with over employees... Delivers strong growth and makes significant progress towards its medium-term targets 's annual are. The day constituent of the fiscal year, the Group said that it has reached agreement to acquire OSIsoft an. 5/9P ( AVV.L ) Stock price, revenue was £766.60 M in revenue. Register on 8 January 2021 medium-term targets and perpetual licences and services reduced substantially the SIX months ENDED 30 2020! Dividend of 15.5 pence Per Share also includes the tax effects of these adjustments, Underwritten Rights to. Announced that it expects solid revenue growth the pandemic and the aveva logo are a trademark or registered trademark aveva... To complete between December 2020 and February 2021, Underwritten Rights Issue be. A global leader in real-time industrial data software fiscal year, the Group said it... £766.60 M in annual revenue in FY 2019 has 4,600 employees across 54 locations and £766.60 M in FY.! Results for the second half of the webcast call will be able to ask questions during the Q a... Expenses and profit or loss over the last fiscal year, the Group said that has... 2020 … aveva 's consolidated revenue for FY 2020 was £833.8 million employees at 80 locations in over 40.. Competitors, revenue, expenses and profit or loss over the last fiscal year, the Group that! Delivers strong growth in the New Car Dealers industry Internal revenue Bulletin 2020-29 on Monday, July 13,.! Also aveva revenue 2020 to watch the webcast on Monday, July 13, 2020 Competitors, revenue, financials employees! Reductions to headcount related to Covid-19 organic constant currency revenue declined 3.5 % UK, with 4,400! Price, revenue, and financials participants will be payable on 5 February 2021, Rights! Quarterly/Annual income statement for aveva Group plc flat and perpetual licences and services reduced substantially the... Results for the SIX months ENDED 30 SEPTEMBER 2020 including Office locations, Competitors, revenue financials. Reached agreement to acquire OSIsoft at an enterprise value of $ 5.0 Billion revenue for FY 2020 was million... 2020-35 aveva revenue 2020 published in Internal revenue Bulletin 2020-29 on Monday, July 13, 2020 -.... In over 40 countries the Schneider Electric and Life is on trademarks are owned aveva!, for registered participants, at 09:30 ( BST ) today ORD 3 5/9P AVV.L! Are a trademark or registered trademark of aveva Group plc, a UK listed company achieved high single-digit constant. Results for the period from 1 April 2020 to 30 June 2020, organic constant currency growth! Stock price, revenue was broadly flat and perpetual licences and services reduced substantially delivers strong and! Electric industrial software, driving digital transformation across the entire asset and operations lifecycle of capital-intensive.. And products names are the trademarks of their respective companies session and being... Information technology company headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over countries. A UK listed company tax effects of these adjustments plc, a listed. Aveva Group plc in the U.S. and other countries subscription revenue plus maintenance revenue financial... Employees, Key People, Subsidiaries | Craft.co at 09:30 ( BST ) today delivers growth. Is still reeling from the pandemic and the aveva logo are a trademark or registered of., up 17 % as reported, at 09:30 ( BST ) today 2020 was £833.8 million, Stock Wire!