AVEVA has announced its financial results for the year. The results showed AVEVA had made “significant strategic, financial, and operational progress in the face of the pandemic”.
The last year demonstrated great transformation for AVEVA, it said. The group was quick to react to the COVID crisis – it rapidly moved employees to remote working by conducting business transactions virtually and demonstrated the resilience and strength of both the business and its relationships with customers.
Alongside the successful navigation of the global pandemic, AVEVA completed a $5bn acquisition of OSIsoft in March 2021 which it said established it as “a clear global leader”.
While digital transformation remains at the core of customers’ decisions to adopt AVEVA’s solutions, the company is also making a strong contribution to sustainability through its products.
Although the pandemic had a direct impact on planned capital projects being postponed, demand shift from 3D design software to project execution software grew.
Peter Herweck, CEO of AVEVA Group plc said: “Through 2021 we both helped our industrial customers to successfully navigate the short-term challenges of the pandemic whilst also creating innovative solutions to achieve their digitalisation goals.
“The acquisition of OSIsoft brought a real sense of excitement from our employees and customers and our conversation is now focused as the recognition of the power and value of the combined products sets become apparent.”
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