Targets can be spurious things. Set them too low and the world will be unimpressed that they’ve been reached; set them too high and it will be disappointed if they’re undershot. Aveva seems to have achieved a happy balance, setting the bar high and then overdelivering — doing so, indeed, in such a way that its shareholders are pleased with what they get but are still left wanting more.
The company develops engineering and industrial software for use in every area of manufacturing and production, in sectors ranging from oil and gas to food and drinks. It was spun out of the University of Cambridge in 1967 and is known for being a pioneer in 3D computer-aided design and simulation. A member of the FTSE