
- Total revenue was £98 million, up 15% from a year ago six months ended September 30
- Revenue was up 21% from Asia Pacific, up 13% from EMEA and up 6% from the Americas
- Revenue growth was balanced across the different license models, with rental license revenue up 17% and the more traditional initial license fee component revenue up 18, reflecting what AVEVA characterizes as a continued shift in customers’ buying preferences, particularly in Europe.
- Revenue from the design tools business was up 14% while revenue from the enterprise solutions business was up 16% in the first half of fiscal 2013. The company says this is a result of its strategy of “targeting Owner Operators to mandate the use of AVEVA NET for data handover to the engineering contractors”.
- AVEVA does say it sees longer sales cycle for ts enterprise solutions.
- By vertical, the Oil & Gas sector continues to boom, as owners and operators continue to make capital investments in their assets and explore deeper water oil field extraction. This carries over into the Marine sector, as those shipyards doing offshore projects continue to find work, while the commercial shipbuilding market remains “depressed”, according to the company. In Power, AVEVA sees potential demand in China and India for nuclear projects and sees continued spending on conventional power plants.
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