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Aveva said revenue growth in the first quarter was low double digit amid 'strong; rental subscription growth and a boost from favourable foreign currency movements.
On a constant currency basis, revenues growth was high single digit in the first quarter.
Rental and subscription revenue grew strongly in the first quarter supported by the launch of AVEVA Flex, the subscription offering for Monitoring and Control, the company said.
he group maintained a strong balance sheet and had net cash and treasury deposits of £114.6m at 30 June 2019.
'The full year outlook remains in line with the Board's expectations,' the company said.