CIMdata PLM Industry Summary Online Archive
27 May 2008
Financial News
AVEVA Group Results for the Financial Year Ended 31 March 2008
AVEVA Group plc announces its audited results for the year ended 31 March 2008.
Highlights
Another year of record levels of revenue and profit
Revenue up by 34% to £127.6 million (2007 - £94.9 million)
Recurring revenue up 25% to £66.1 million (2007 - £52.7 million)
Adjusted profit before tax, amortisation, share-based payments and goodwill adjustment up 70% to £47.9 million (2007 - £28.1 million)
Adjusted earnings per share up 74% to 55.22p (2007 - 31.71p)
Profit before tax up 83% to £45.0 million (2007 - £24.6 million)
Basic earnings per share up 91% to 50.80p (2007 - 26.59p)
Investment in Research and Development up 21% to £21.3 million (2007 - £17.6 million)
Net cash at the year end of £82.8 million (2007 - £41.3 million)
Increased final dividend of 5.0p (2007 - 2.94p) bringing the full year dividend to 6.65p (2007 - 4.18p) - an increase of 59%
Nick Prest, Chairman, commented:
"AVEVA's success for many years has been built upon our world leading technologies developed specifically for the design of complex engineering projects, our excellent customer relationships and the quality of staff we employ.
"Looking ahead the Board believes the outlook for the current year remains very positive for the business. The Oil and Gas, Power and Marine industries remain buoyant, driven by high commodity prices and strong underlying end-user demand. The strength of our technology and market position combined with our focus on serving the needs of our target industries today and in the future augur well for the continued success of our business."
To view complete results, click here Financial Results
To view the presentation, click here Financial Results Presentation
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