{"id":25113,"date":"2021-05-25T13:32:48","date_gmt":"2021-05-25T10:32:48","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=25113"},"modified":"2026-03-27T22:28:59","modified_gmt":"2026-03-27T19:28:59","slug":"fiscal-year-2020-2021-proves-transformational-for-aveva-despite-pandemic-challenges","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/fiscal-year-2020-2021-proves-transformational-for-aveva-despite-pandemic-challenges\/","title":{"rendered":"Fiscal Year 2020\/2021 Proves Transformational for AVEVA Despite Pandemic Challenges"},"content":{"rendered":"\n

Global Industrial Software and Data Management Leader Delivers A Strong Business Performance with further Opportunities Ahead <\/em><\/p>\n\n\n\n

Dubai, UAE, May 25, 2021\u00a0<\/strong>\u2013\u00a0AVE<\/a>VA, a global leader in industrial software driving digital transformation and sustainability,\u00a0announced its results for the year ended 31 March 2021 (FY21).\u00a0\u00a0The results showed that AVEVA had made strategic, financial, and operational progress in the face of the pandemic.\u00a0\u00a0<\/p>\n\n\n\n

The last year proved transformational for AVEVA.\u00a0\u00a0The Group quickly reacted to the COVID crisis, rapidly moving employees to remote working\u00a0and conducting business transactions virtually.\u00a0\u00a0Evolving 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.\u00a0\u00a0It has a fundamental role to play in supporting customers\u2019 energy transition and environmental efficiency journeys.<\/p>\n\n\n\n

Alongside the successful navigation of the global pandemic, AVEVA completed the transformational $5bn acquisition of OSIsoft\u00a0in March 2021. This acquisition established AVEVA as a clear global leader bringing industrial software applications with the market-leading industrial data platform.<\/p>\n\n\n\n

Industrial Digitalisation Driving Significant Growth as well Sustainability <\/strong><\/p>\n\n\n\n

The ongoing digitalization of the industrial world continues to be a fundamental demand driver for AVEVA\u2019s software.\u00a0\u00a0Strong Subscription growth continued, and the Group also delivered Software as a Service (SaaS) to customers at an increasing scale.\u00a0\u00a0Despite the challenging macro-economic environment, AVEVA continued to invest in its future growth by increasing investment in areas of its world-class technology and software, such as AI and Cloud.<\/p>\n\n\n\n

While digital transformation remains at the core of customers\u2019 decisions to adopt AVEVA\u2019s solutions, the company is also making a strong contribution to sustainability through its products. For example,\u00a0\u00a0the remote deployment of the AVEVA Unified Operations Centre enabled Saudi Aramco to monitor emissions and optimize energy usage. At the same time, Neste, the world\u2019s leading producer of renewable diesel and sustainable aviation fuel, used AVEVA\u2019s Unified Supply Chain to drive collaboration between its remote teams, boosting efficiency. Several of AVEVA\u2019s EPC customers used AVEVATM\u00a0Unified Engineering to help pioneer hydrogen production designs, while other engineering companies use our software for offshore wind farms.<\/p>\n\n\n\n

Strong Customer Business Strengthens AVEVA\u2019s Market Leadership<\/strong><\/p>\n\n\n\n

Whilst the pandemic had a direct impact on planned capital projects being postponed, demand shift from 3D design software to project execution software grew:<\/p>\n\n\n\n