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Software company Aveva unveiled new financial targets following a 'good' start to fiscal 2022.
The company achieved approximately 10% revenue growth in the first two months of the financial year.
Aveva said it would target a revenue compound annual growth rate, or CAGR, of around 10% between fiscal 2021 and fiscal 2026.
'AVEVA's revenue growth will be supported by revenue synergies relating to the OSIsoft acquisition, which are expected to be at least $100 million in FY26,' the company said.
The company is also targeting recurring revenue over 80% of total revenue in FY26, and an adjusted EBIT margin of at least 35% in FY26.