StockMarketWire.com - Aveva said it expected to report low double-digit growth in revenue in the first half of the year as the strong sales execution seen in the first quarter continued.

As well as ongoing sales momentum, the company benefited from the early renewal of a large EPC contract and a moderate increase in revenue from multi-year contracts.

'"Very strong" growth in its rental & subscription segment was partly offset by lower initial & perpetual licences and services, as planned,' the company said.

'Revenue mix was positive, with very strong growth in rental & subscription revenue being partly offset by lower initial & perpetual licences andsServices, as planned,' it added.




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