AVEVA Group plc said the industrial software portfolio of Schneider Electric in the final quarter of 2017, experienced continued growth in its licencing and maintenance revenue streams, partly offset by a slight decline in services revenue.

This decline in services revenue was weighed by a reduction in mid-stream Oil & Gas business project volume, related to the asset upgrade cycles of major customers, Aveva said.

Aveva Group agreed to combine with Schneider Electric's software business in late 2017 in a deal worth more than £3bn.

At 8:16am: (LON:AVV) AVEVA Group PLC share price was +32p at 2862p