Aveva boosted by IT software

Software company Aveva saw a 12 per cent rise in annual sales primarily driven by its IT management software, Enterprise Solutions. Revenues for the division surged 31 per cent to £30.7m, bringing it into the black for the first time. Aveva, whose software is used to design oil rigs and ships, saw pre-tax profit increase by 10 per cent to £63.6m the previous year. The firm will pay a £100m special dividend.