AVEVA today issued a statement about business conditions during the just-ended June quarter. Like Autodesk during its Investor Day, AVEVA sees gradual improvement in the global economy.

During the quarter, AVEVA saw strength in the oil and gas sector, especially in Brazil; power remains stable while the marine market continues to struggle as a result of the global economic slowdown. From a geographic perspective, strong performance in Eastern Europe and Brazil was countered by “subdued” conditions in North America.

The acquisitions of Logimatic and ADB, announced at the beginning of June for a combined total of about £17 million were completed on June 30 and AVEVA expects that their integration into its existing operations will be completed over the next six months.

Nothing dire. These days, that’s considered good news!