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A FTSE 250 company headquartered in Cambridge, UK, AVEVA is an acknowledged industry leader in engineering software applications. AVEVA's worldwide network of sales and support offices is staffed by experienced professionals with unrivalled depth of knowledge of its customers' industries.
AVEVA creates and supplies the most powerful software tools available for the engineering, design, construction and lifecycle support of all types of plant and marine assets in the oil & gas, power generation, process plant, minerals processing and shipbuilding industries.
Through a combination of pioneering in-house software development, technology acquisition and strategic partnerships, AVEVA continually extends the capabilities of its software solutions to increase its customers' competitive advantage, while simultaneously protecting their investment in engineering data.
£164.0m
+29%
£62.6m
+31%
67.33p
+22%
£126.2m
+52%
Strong growth in revenue, profit and cash
Revenue increased by 29% to £164.0 million
(2008 – £127.6 million)
Recurring revenue up 42% to £94.2 million
(2008 – £66.1 million) representing 57% (2008 – 52%)
of total revenue
Investment in Research and Development up 28%
to £27.3 million (2008 – £21.3 million)
Adjusted profit before tax increased by 31%
to £62.6 million (2008 – £47.9 million)*
Profit before tax up 32% to £59.2 million
(2008 – £45.0 million)
Adjusted basic earnings per share up 22% to 67.33
pence
(2008 – 55.22 pence)*
Basic earnings per share up 23% to 62.27 pence
(2008 – 50.80 pence)
Final dividend increased by 30% to 6.5 pence
(2008 – 5.0 pence) bringing the full year dividend to
9.36 pence (2008 – 6.65 pence) – an increase of 41%
Net cash at the year end of £126.2 million
(2008 – £82.8 million), an increase of 52%,
reflecting continued strong cash generation
* Both adjusted profit before tax and adjusted basic earnings per share are before amortisation of intangibles excluding software, share-based payments and adjustment to the carrying value of goodwill
This Annual report contains forward-looking statements. These forward-looking statements are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ from any future results or developments expressed or implied from the forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement and save to the extent required by the applicable law or regulation, we do not undertake any obligation to update or renew any forward-looking statement.
