9th Jul 2015 06:54
LONDON (Alliance News) - Engineering IT systems provider AVEVA Group PLC on Thursday said its first quarter revenue and profit have continued to suffer amid tough trading conditions and the strong pound.
The FTSE 250-listed company said it has seen no significant change in its end markets since it published its results for the year to the end of March back in May, but said that in spite of a challenging market, it remains a "resilient" business.
AVEVA added that its revenue and profit in the first quarter of the year have continued to take a hit from the strength of sterling. It reiterated that it expects its profit for the year to be weighted to the second half and said the integration of its recently-acquired 8over8 and FabTrol businesses is progressing on track.
By Sam Unsted; [email protected]; @SamUAtAlliance
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