AVEVA: On track, North America “subdued”

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...

Building the perfect board

AVEVA today announced that Philip Dayer, a member of its board of directors, has been named a non-executive director of JSC KazMunaiGas EP, the Kazakh onshore exploration and production company.Why is this significant? Mr. Dayer (whom I’ve never met) is an investment...

AVEVA starts spending

Just last week AVEVA announced results and a dividend that left it with plenty of cash to spend on building out its offerings and sales/support capacity. Today the company formally announced that the spree is underway, announcing two acquisitions.The first will extend...

AVEVA optimistic, looking to spend

AVEVA today gave a lot of additional color on its results for the year ended March 31, 2010. Some of the news was good (strength in recurring revenue and in the Americas), some not-so-good (overall revenue decline of 10%) and some downright tantalizing. Read on...

AVEVA shareholders not impressed

AVEVA today announced that the company made “good progress during a challenging year” as a resilient oil and gas market helped to offset weaker demand in its marine market. The company now expects that “full year results will be marginally ahead of current consensus...

AVEVA strengthens its board

AVEVA Group today announced the appointment of Hervé Couturier as a Non-Executive Director, replacing the retiring David Mann on its board of directors.M. Couturier is a software industry veteran and is currently Executive Vice President of the Technology Group at...

AVEVA says recent performance is “Satisfactory”

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...

AVEVA: Lower costs, resilience in oil & gas, cautious 2010

AVEVA Group gave further insight into its business performance in the last six months, reporting that revenue had declined 6.5% to £69.9 million as “challenging” market conditions affected its end-user markets. Though decline is markedly lower than that seen by other...

Earnings preview: good news ahead?

PTC, Dassault Systèmes (DS) and ANSYS report third quarter earnings over the next ten days, so it’s time for a preview. Each company has kept a tight lid on things, so only insiders know what will be reported but we can look to other company’s reports for...

Good news from AVEVA

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...