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13 July, 2017 - 10:41 By Tony Quested

AVEVA dividend hits 27p per share

AVEVA in Cambridge, one of the world’s leading providers of engineering data and design IT systems, says it has made a solid start to the financial year.

The company said in a trading update before last week’s AGM that it expects the phasing of revenue in FY 2018 to be broadly similar to the prior year.

AVEVA says it maintains a strong balance sheet and saw good cash generation in the first quarter, resulting in net cash of £152 million at June 30.
A final dividend of 27p per share will be paid on August 4.

AVEVA added that the full year outlook remains in line with the board’s expectations. The shares ended the week slightly higher.

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