AVEVA Announces its FY21 Results
AVEVA has declared its results for the year ended 31 March 2021 (FY21).
The results showed that AVEVA had made strategic, financial, and operational progress in the face of the pandemic.
Commenting on the results, 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 digitalization 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 product sets become apparent.”
“It’s clear that moving forward, AVEVA has a strong springboard for the future long-term growth of the business. As we look ahead, we do so in the knowledge that AVEVA is optimally positioned to support customers in their digitalization journey and in creating more sustainable and resilient businesses,” Herweck concluded.
The last year proved transformational for AVEVA. The Group was quick to react to the COVID crisis, rapidly moving employees to remote working and conducting business transactions virtually.
Evolving how it operated demonstrated the resilience and strength of both the business and its relationships with customers. Today, AVEVA is a stronger and better-positioned business, with a more diversified customer base. It has a fundamental role to play in supporting customers’ energy transition and environmental efficiency journeys.
Alongside the successful navigation of the global pandemic, AVEVA completed the transformational $5bn acquisition of OSIsoft in March 2021. This acquisition established AVEVA as a clear global leader bringing together industrial software applications with the market-leading industrial data platform.
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.
For example, the remote deployment of AVEVA Unified Operations Centre enabled Saudi Aramco to monitor emissions and optimize energy usage; while Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel, used AVEVA’s Unified Supply Chain to drive collaboration between its remote teams, boosting efficiency.
Several of AVEVA’s EPC customers used AVEVATM Unified Engineering to help pioneer hydrogen production designs while other engineering companies use our software for offshore windfarms.
