Quickie: AVEVA reports positive momentum in CQ3

Schneider Electric reported Q3 results today, so AVEVA (partly owned by Schneider Electric) also issued a quick statement about its progress in the six months ended September 30. The company said that it “achieved low double-digit” (constant currency) revenue growth, which “reflects a continuation of the strong sales execution … and benefited from the early renewal of a large EPC contract and a moderate increase in revenue from multi-year contracts.”

Not much to go on, but positive nonetheless. AVEVA will give more details when it does its formal results release on November 12 2019.