Aveva generated low double-digit revenue growth for the full year as 'positive' performance seen in the first nine months of the year continued in the fourth quarter.

Full-year operating margins improved, but were weighed down somewhat by additional costs incurred due to the strong sales performance, and increased investments.

'The integration of the heritage AVEVA and Schneider Electric industrial software business has continued to progress well,' the company said. 'As AVEVA starts the new financial year, further progress is expected on delivering medium-term targets, with a focus on transition to rental and subscription licencing.'

AVEVA will announce its results for the year ended 31 March 2019 on 29 May 2019.