In the opening salvo of earnings reports in the greater PLM universe, AVEVA Group today issued an interim statement saying that its performance since October 2009 is “satisfactory” as the company has seen resilience in the oil, gas and power segments, especially in Brazil, while the marine market is still slow.

Richard Longdon, Chief Executive,in a prepared statement said: “Although some uncertainty remains in our underlying markets we continue to make investments in both expanding our geographical presence and product enhancements to ensure that AVEVA benefits from both short and long-term opportunities.”

AVEVA will announce preliminary results for the year ending March 31 at the end of May 2010.

Mid-day in London, the share price was up 1.25%.