Aveva rev­enues slide 3.5pc in lat­est quar­ter

The Daily Telegraph - Business - - Business -

Rev­enues at Aveva dipped slightly in the past quar­ter, it re­vealed yes­ter­day. The FTSE 100 in­dus­trial soft­ware spe­cial­ist said its or­ganic rev­enues fell 3.5pc over the pe­riod, de­spite a 30pc rise in sub­scrip­tion sales. It said the re­duc­tion was partly due to its “on­go­ing tran­si­tion to a sub­scrip­tion busi­ness model” as well as Covid-19 dis­rup­tion.

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