AVEVA Group PLC Q1 Trading Update (9731G)

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RNS Number : 9731G

AVEVA Group PLC

30 July 2021

AVEVA GROUP PLC

Q1 Trading Update

AVEVA Group plc ('AVEVA' or 'the Group') announces the following trading update for the period from 1 April 2021 to 30 June 2021.

AVEVA has had a good start to FY22, achieving approximately 11% revenue growth in the first three months of the financial year on a pro forma organic constant currency basis(1) .

All of the Group's revenue lines grew, with Subscription growing in line with overall Group revenue and Perpetual licences increasing significantly.

AVEVA will report half year results for the financial period from 1 April 2021 to 30 September 2021 on 9 November 2021.

(1) Pro forma organic constant currency revenue growth includes both AVEVA and OSIsoft in the prior year comparator and is adjusted for foreign exchange translation movements, disposals and the impact of the deferred revenue haircut under IFRS 3 (Business Combinations).

Enquiries:

AVEVA Group plc

Matthew Springett, Head of Investor Relations: [phone]

FTI Consulting LLP

Edward Bridges / Dwight Burden: [phone]

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July 30, 2021 02:00 ET (06:00 GMT)