Business Weekly - Cambridge, UK

 The Cambridge-based company has released an interim management statement saying that it has seen strong trading across all regions, with the continued growth in its major markets set to remain. It added that it anticipates posting results for the year to March significantly ahead of its expectations after a particularly strong end to the third quarter.

It said that it had seen strong trading across all regions and each of its major markets of oil and gas, marine and power continued to perform well. The continued growth in these markets, driven by end user demand as well as high energy prices, looks set to remain and provides a strong platform for the company's continued success, it said.

"AVEVA has continued to provide first class products and services to many of the industries' major providers of large capital projects," said the company's CEO, Richard Longdon.

"With demand for these large capital projects both increasing in number and complexity, we believe that AVEVA is ideally positioned to capitalise on the growth both in existing and new market opportunities."

The company said that strong trading had further strengthened its financial position, allowing it to continued investment in expansion of its software offering, in addition to developing our sales and infrastructure to support the company's future growth.Shares in the company have jumped a massive 100p, or 12 per cent on the news,  growing to 914.5p.

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