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27 September, 2006 - 12:21 By Staff Reporter

AVEVA share price rockets

Unprecedented global demand for its advanced CAD services, in particular from the Asia Pacific market, has underpinned a 21 per cent increase in Cambridge-based AVEVA’s share price following a pre-close trading update.AVEVA said it expected results for the full year to be materially ahead of its previous expectations, pushing its share price up 78.75 pence to 460 pence a share.

The company’s success has been driven by its lead position in the high growth marine, oil and gas and power sectors, where it has long-term partnerships with blue chip customers.

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