LONDON (dpa-AFX) - AVEVA Group plc (AVV.L), in its trading update, said that it continued to perform well during the first half of its financial year. The Group delivered low double digit revenue growth on a constant currency basis. The growth included the impact of good sales execution, with a number of contracts being brought forward into the first half and some benefit of upfront revenue recognition on multiyear rental contracts.
The company noted that the integration of the heritage AVEVA and Schneider Electric industrial software business is on track, with progress made in putting cost savings initiatives in place, with the financial benefits of this expected to start showing in the second half.
The company said it will announce its first half results on 20 November 2018.
Copyright RTT News/dpa-AFX