CIMdata PLM Industry Summary Online Archive
12 November 2012
Financial News
AVEVA: Interim Results for the Six Months Ended 30 September 2012
Financial Highlights
|
2012 |
2011 |
% Change |
Revenue |
£97.6m |
£85.2m |
15% |
Adjusted profit before tax |
£28.7m |
£26.1m |
10% |
Profit before tax |
£25.8m |
£23.8m |
8% |
Adjusted profit before tax margin |
29.4% |
30.6% |
|
Basic earnings per share |
27.03p |
24.26p |
11% |
Adjusted basic earnings per share |
30.19p |
26.98p |
12% |
Net cash |
£166.4m |
£157.5m |
6% |
Interim dividend per share |
4.5p |
4.0p |
13% |
Operational Highlights
Global growth platform
- Revenue growth across all regions; Asia Pacific +21%, EMEA +13%, Americas +6%
- Investment in Indian business, new office in Mumbai, expansion in Hyderabad
- New China business making good progress
Technology leadership and investment reinforced with successful launch of new product AVEVA Everything3D (E3D)
- Growth opportunity with leading-edge technology
- Enables “Lean” working practices in plant project execution
- Very positive initial customer interest and feedback
Long-term customer partnerships
- Recurring revenue up 14%, representing 69% of total revenue
- Engineering & Design Systems growth from extending footprint within the engineering contractors
- Enterprise Solutions continuing to make progress with Owner Operators
Commenting on the outlook, Chief Executive Richard Longdon said: 'As AVEVA celebrates its 45th anniversary, these results highlight the breadth, quality and scale of our global business today, with multiple growth drivers across geographies and industries. The recent launch of our new, leading-edge product, AVEVA Everything3D, highlights our ability to maintain technology leadership through continuous innovation, which in turn drives growth and strengthens our customer relationships.'
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