Aveva Expects Results to Beat Market Forecasts

Reuters reported that Aveva Group Plc said it expected full-year results to beat market expectations after the IT engineer surprised with half year profits that more than doubled on the back of China's buoyant shipbuilding market. Shares in Aveva were up more than 7 percent after it said adjusted pretax profit increased 149 percent to $26.2m) in the six months to Sept 30, with revenues up 58 percent.