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Aveva swung to a profit in the first half of the year on improved margins and revenue amid strong sales execution and early contract renewals.
For the six months ended 30 September 2019, the company reported pre-tax profit of £24m compared with a loss of £5.5m on-year, and revenue increased 16.5% to £391.9m.
Gross margin rose 400 basis points to 46.4%, underpinned by operational leverage and underlying cost savings, the company said.
The interim dividend was raised by 10.7% to 15.5p a share.
'Looking ahead, we see strong demand for digitalisation and industrial software within the industries we serve and remain confident in the outlook,' Aveva said.