AVEVA Group PLC Q1 Trading Update (6231G)
25 Julio 2019 - 1:00AM
UK Regulatory
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RNS Number : 6231G
AVEVA Group PLC
25 July 2019
AVEVA GROUP PLC
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 2019 to 30 June
2019.
The Group has made a good start to the financial year, recording
high single digit revenue growth on a constant currency basis in
the first quarter. On a reported basis, revenue growth was low
double digit, including the benefit of a foreign currency
translation tailwind.
Rental and subscription revenue grew strongly in the first
quarter supported by the launch of AVEVA Flex, the subscription
offering for Monitoring and Control.
From a geographical perspective, each of the regions grew versus
the same quarter last year, with Asia Pacific showing significant
year on year growth. Each of the Business Units grew in the quarter
with particularly strong growth in Engineering.
The Group maintains a strong balance sheet and had net cash and
treasury deposits of GBP114.6 million at 30 June 2019.
The full year outlook remains in line with the Board's
expectations.
Enquiries:
AVEVA Group plc
Matthew Springett, Head of Investor Relations: +44 (0) 1223 556
676
FTI Consulting LLP
Edward Bridges / Dwight Burden: +44 (0) 203 727 1000
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END
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