(By Anthony Miller – Thursday, 16th April 2009 8:15am). Although its year-end trading update brought good news for the year just closed (see here), CAD-CAM software group Aveva (nee Cadcentre)warned that revenues from initial licence fees will decline this FY by 30%-40% as the funding squeeze delays clients’ major capex projects. This is actually much worse than we were expecting for the technical applications market as a whole. In our MarketViews report earlier this year, we forecast the UK market for technical applications would decline by just over 1% this year, less steeply than business applications (-3% to-4%) and office applications (-5%). Aveva is one of the larger players in the market (last year’s worldwide revenues were £128m) so this does not bode well. As we have said many times before, we generally have the most conservative forecasts in the marketplace and yet even we can be too optimistic!
Thursday 16 April 2009
Aveva expects 30%+ licence revenue fall
(By Anthony Miller – Thursday, 16th April 2009 8:15am). Although its year-end trading update brought good news for the year just closed (see here), CAD-CAM software group Aveva (nee Cadcentre)warned that revenues from initial licence fees will decline this FY by 30%-40% as the funding squeeze delays clients’ major capex projects. This is actually much worse than we were expecting for the technical applications market as a whole. In our MarketViews report earlier this year, we forecast the UK market for technical applications would decline by just over 1% this year, less steeply than business applications (-3% to-4%) and office applications (-5%). Aveva is one of the larger players in the market (last year’s worldwide revenues were £128m) so this does not bode well. As we have said many times before, we generally have the most conservative forecasts in the marketplace and yet even we can be too optimistic!
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