Fiscal Year 2020/2021 Proves Transformational for AVEVA Despite Pandemic Challenges
- Date 25 May 2021
Global Industrial Software and Data Management Leader Delivers A Strong Business Performance with further Opportunities Ahead.
AVEVA, a global leader in industrial software, driving digital transformation and sustainability, today announced 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.
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 it 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 to 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.
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