AVEVA Group today gave preliminary information on its results for the six months ended September 30 — and it’s surprisingly good. In a press release, AVEVA says that large new capital projects are hard to come by, but that customers’ existing projects and favorable exchange rates brought the company results “slightly ahead of expectations.”
Even better, AVEVA says that it sees “indications of stability returning across certain sectors and geographies” but that global economic uncertainties cause it to remains cautious about the outlook into 2010. In particular, the company says that the oil and gas sector “remains relatively robust”, the power industry “continues to offer opportunities”, and marine customers “continue to concentrate on delivery of current order books, which supports existing usage, but yard capacity has been constrained and therefore new sales have been limited”.
The company will deliver full results on November 12.