Period end trading update (3498B)
April 16 2012 - 02:00AM
UK Regulatory
TIDMAVV
RNS Number : 3498B
AVEVA Group PLC
16 April 2012
16 April 2012
AVEVA Group plc
Period end trading update
AVEVA Group plc ("AVEVA" or the "Group"; stock code : AVV), one
of the world's leading providers of engineering data and design IT
systems, today announces a trading update following the end of the
financial year to 31 March 2012.
The Group performed well in the second half of the year and as a
result we anticipate reporting full year results in line with the
Board's expectations. In particular we saw momentum continue to
build in the final quarter resulting in a strong finish to the
year.
We have seen continuing demand for our Engineering and Design
Systems covering both renewals and new customer wins. This demand
has mostly been driven by Oil & Gas.
Geographically, EMEA continued to perform strongly, Americas was
once again bolstered by an excellent performance in Latin America
and Asia Pacific recovered well in the second half following the
restructuring in China in the first half.
In the second half, we won a number of new Enterprise Solutions
customers and achieved further expansion within existing accounts.
A number of substantial and complex wins have not been recognised
in the year, which has meant that the revenue backlog has grown
substantially compared to last year putting us in a good position
as we enter FY13. With the momentum in the business and growing
opportunity pipeline, we are positive about the prospects for
Enterprise Solutions in FY13.
Richard Longdon, Chief Executive, said: "We are pleased with the
outcome for the year with a strong performance in the second half.
Our business in China has recovered and is now gaining real
momentum and Enterprise Solutions continues to make good
progress".
The Group will be announcing its preliminary results for the
year ended 31 March 2012 on 28 May 2012.
For further information, please consult the AVEVA website:
www.aveva.com
Enquiries:
AVEVA Group plc Tel: 01223 556 611
Richard Longdon, Chief Executive
James Kidd, Chief Financial Officer
Hudson Sandler Tel: 020 7796 4133
Andrew Hayes / Wendy Baker / Alex Brennan
This information is provided by RNS
The company news service from the London Stock Exchange
END
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