AVEVA shares down on Coronavirus impact

By
0 mins. to read
AVEVA shares down on Coronavirus impact
Master Investor Magazine

Master Investor Magazine 59Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 100 IT services firm AVEVA (LON:AVV) saw its share price drop by 3.78% to 5,090p (as of 15:05 GMT) after it warned that the coronavirus was having an impact on current trading in China, which accounts for around 5% of the group’s sales.  Management said that constant currency organic sales growth for the 10 months to 31st January was in the high single digits.

The shift towards software as a service has also continued which has had a positive impact on revenue mix and long-term operating margins.

On 7th July, we will be running a Q&A webinar with the one and only Evil Knievil (Aka Simon Cawkwell). Please share a question for Evil below and we’ll try to answer as many as possible in the live webinar. Sign up for the webinar here.

Are you going to take part in Evil's webinar?


Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *