Revenues for software firm Aveva Group were slightly ahead of expectations at £1.24bn for its full year results yesterday, while adjusted ebit was in line at £365m. The firm reported earnings per share of 99.6p, slightly below expectations, reflecting its investment into accelerating its transition to a recurring cloud model. The group warned that revenue growth would be lower this year on an organic constant currency basis and its adjusted operating profit margin was likely to be hit by higher costs. Commenting on the results, Chief Executive Officer, Peter Herweck said: "During the year we made good progress with the integration of OSIsoft and have recently launched integrated products that will drive further revenue synergies."

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