AVEVA on the up after positive H1 update

The price of shares in FTSE 100 engineering and industrial software outfit AVEVA (LON:AVV) has increased by 2.60% to 4,022p (as of 14:25 BST) after the company posted a trading update for the six months ended 30th September. The company said that it had achieved low double-digit revenue growth during the period on the back of strong sales execution and the renewal of a major contract.

Management said that the revenue mix was positive across product categories and that all geographic regions were performing well but the Asia Pacific region was particularly strong.