Aveva – Strong Market Expansion
AVEVA Group plc (LON:AVV), the Cambridge-based engineering software company today released a brief trading update that revealed underlying sales growth of 9% at the half-year stage, before a negative impact from currency swings.Q3 2021 hedge fund letters, conferences and more Newly acquired OSIsoft made a notable contribution to growth, which was in the mid-to high-teens rate for Subscription and Licence income and low single digits for Maintenance and Services revenues.Aveva said that margins responded strongly to the growth in revenues and that this has fed through to adjusted operating prof...