In line with the Aveva Board's progressive dividend policy, AVEVA intends to pay an interim dividend of 15.5 pence per share at a cost of £25.0 million (H1 FY19: 14.0 pence per share at a cost of £22.5 million). The interim dividend will be payable on 7 February 2020 to shareholders on the register on 10 January 2020.
Revenue grew 16.5% to £391.9m (H1 FY19: £336.5m)
Organic constant currency revenue4 growth of 11.9% reflected strong sales execution and benefited from early contract renewals
Good growth across all geographic regions with Asia Pacific showing particular strength. Each of the Business Units also grew, with particularly strong growth in Engineering
Recurring revenue up 42.1% to £242.5m (H1 FY19: £170.7m) representing 61.9% of total revenue (H1 FY19: 50.7%)
Adjusted EBIT up 66.5% to £90.6m (H1 FY19: £54.4m). Constant currency adjusted EBIT grew by 46.5%
Net cash and deposits of £58.6m following payment of the final dividend and acquisition of MaxGrip (FY19: £127.8m)
Strong progress on product integration with the launch of AVEVA Unified Engineering and AVEVA Unified Operations Control Centre