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PRESS RELEASE RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 Solid financial results , integration of OSIsoft on - track AVEVA Group plc ( ' AVEVA ' or ' the Group ' ) announces its preliminary results for the six months ended 30 September 2021 . AVEVA GROUP PLC On 19 March 2021 , the Group announced the completion of the acquisition of OSIsoft , LLC ( OSIsoft ) enhancing AVEVA's ability to accelerate the digital transformation of the industrial world . AVEVA The statutory results¹ are for the combined AVEVA and OSIsoft business in H1 FY22 and for AVEVA only for H1 FY21 . To provide a better understanding of the combined comparative trading performance and to improve transparency , non - statutory results are also shown for the combined Group on a pro forma basis² . ● We believe that the pro forma results give helpful insight into the performance of the Group and form a basis from which to consider the outlook . Highlights Combined AVEVA Group on a pro forma basis On an organic constant currency basis³ pro forma revenue for the combined Group grew 9.0 % and adjusted EBIT4 grew 33.9 % ; while adjust diluted EPS grew 13.3 % and included the tax benefit from the OSIsoft acquisition . ● ● Pro forma constant currency Annualised Recurring Revenue ( ARR ) 5 increased 9.2 % to £ 711.4m ( H1 FY21 : £ 651.2m ) . The introduction of Subscription selling at OSIsoft will support growth in ARR going forward . After the impact of FX translation headwinds , pro forma revenue grew by 0.8 % to £ 516.1m ( H1 FY21 : £ 512.2m ) and pro forma adjusted EBIT grew 20.5 % to £ 125.2m ( H1 FY21 : £ 103.9m ) , representing a margin of 24.3 % ( H1 FY21 : 20.3 % ) . Integration of the AVEVA and OSIsoft businesses has progressed well and the Board remains excited about the growth opportunities ahead . Statutory results Revenue was £ 480.9m after the impact of the deferred revenue haircut ( H1 FY21 : £ 332.6m ) , representing an increase of 44.6 % , most of which was due to the acquisition of OSIsoft . Loss from operations was £ 74.3m ( H1 FY21 : £ 23.2m ) with the loss being primarily due to the amortisation of intangible assets of £ 115.8m ( H1 FY21 : £ 46.2m ) . Interim dividend is being increased 4.8 % to 13.0p pence ( H1 FY21 : 12.4 pence ) . Chief Executive Officer , Peter Herweck said : " AVEVA achieved a good first half performance , delivering a solid set of results and laying foundations for future growth . The integration of the AVEVA and OSIsoft businesses has progressed well , with both cost and revenue synergies starting to materialise as planned . End market conditions started to improve during the period following disruption caused by the Covid crisis . As a result , we are seeing the resumption of structural growth , driven by increased digitalisation and Net Zero projects , across a wide range of industry sectors . We are also observing an increase in activity in the Energy and Marine sectors as energy prices recover and demand for transportation increases . We remain confident in the growth outlook and believe that our first half results form a strong foundation for us to build on and to meet our medium - term targets . "