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Interim Results for the six months ended 30 September 2012

12 November 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.'

Ends

MORE INFORMATION

For the full statement and extensive information for AVEVA investors, please visit the Investor Information page.

MEDIA CONTACTS

AVEVA Contact:
IR.coordinator@aveva.com

Financial PR:
Hudson Sandler
Andrew Hayes / Wendy Baker / Alex Brennan
Tel: 020 7796 4133

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