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Has AVEVA bottomed out?
Tuesday 23 May
It’s been a volatile past three years for computer-aided design and manufacturing software specialist AVEVA (AVV). End markets (oil, marine, nuclear, for example) have been stretched which has clamped down on big capital investment projects that pay-off for the company. That worm might be turning although we’d anticipate most of any top line growth will be currency stimulated.
Look out for better cash generation than expected and positive rhetoric from CEO James Kidd, in his first official results (23 May) since taking the top job from highly-rated Richard Longdon.