AVEVA lifted by strong quarterly update

The price of shares in FTSE 100 software firm AVEVA Group (LON:AVV) rose by 6.49% to 3,788p (as of 10:55 GMT) after the company reported that revenues for the nine months ended 31st December grew by 1.5% on an organic constant currency basis. This was driven by a number of major renewals during the most recent quarter and management said that the sales pipeline for the remainder of the financial year was solid.