Tag: Drop

12
Oct
2020
Posted in software

Software heavyweight Aveva reveals drop in sales due to foreign exchange shifts and delayed contracts



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Industrial software giant Aveva Group has said it predicts foreign exchange headwinds and the slippage of contracts to cause first-half revenues to be significantly lower.

The Cambridge-based company believes revenues will end up at around £333million in the six months to the end of September against £391million in the same period last year.

Shares fell 5.3 per cent to £45.23 after it revealed results were affected by two medium-sized subscription deals that were expected in the second quarter now sliding into the third quarter and harmful foreign exchange headwinds. 



a close up of a sign: Aveva Group: 'Notwithstanding Covid-19 related disruption, there has been solid demand for AVEVA's software due to its ability to drive efficiency, flexibility and sustainability'


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Aveva Group: ‘Notwithstanding Covid-19 related disruption, there has been solid demand for AVEVA’s software due to its ability to drive efficiency, flexibility and sustainability’

But Aveva still said that it managed to perform ‘creditably’ and has not altered its outlook for the 2021 financial year. 

It wrote: ‘Notwithstanding Covid-19 related disruption, there has been solid demand for AVEVA’s software due to its ability to drive efficiency, flexibility and sustainability for customers across a wide range of industries.’

Orders and revenue growth for the remainder of the year are expected to be strong though thanks to contract slippage, as well as a higher level of renewed contracts, including large-scale global accounts.  

In a separate announcement, the FTSE 100 firm revealed it had completed the syndication of a £250million revolving credit facility concerning its planned purchase of OSIsoft with numerous banks such as HSBC and J.P. Morgan.



a screen shot of a video game: Aveva is anticipated to become the UK's largest software company after agreeing two months ago to buy California-based OSIsoft for £3.8billion


© Provided by This Is Money
Aveva is anticipated to become the UK’s largest software company after agreeing two months ago to buy California-based OSIsoft for £3.8billion

Another $900million loan that was due to be provided by the banks will instead come straight from Schneider Electric, which controls around 60 per cent

07
Oct
2020
Posted in programming

Netflix’s First Christmas Movies Drop This Month! See All the Holiday Programming

Netflix

The holidays are right around the corner, and Netflix is about to drop some new, festive must-see shows and movies to help get you in the spirit!

Netflix’s jam-packed holiday programming begins no later than Oct. 28, with the streamer’s first release, Holidate, followed by Operation Christmas Drop on Nov. 5.

The latter stars Kat Graham, who also appeared in 2018’s Netflix Christmas rom-com The Holiday Calendar. She recently told PEOPLE that she loved the “humanitarian aspect” of this particular script.

“I love the fact that it was about a real mission that the Air Force does every year,” Graham said. “I loved that I was playing a congresswoman’s aide, [working] to shut down the mission. In a lot of ways it was the opposite to our last film, as this character was a bit of a Grinch. It was so much fun to read, and even more fun to shoot. It’s the most fun I have ever had on a set.”

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Check out the full list of titles and premiere dates below.

Netflix

New Movies:

Oct. 28: Holidate

Nov. 5: Operation Christmas Drop

Nov. 13: Jingle Jangle: A Christmas Journey

Nov. 19: The Princess Switch: Switched Again

Nov. 20: Alien Xmas

Nov. 22: Dolly Parton’s Christmas on the Square

Nov. 25: The Christmas Chronicles: Part Two

Nov. 27: Dance Dreams: Hot Chocolate Nutcracker

Dec. 1: <Angela’s Christmas Wish

Dec. 3: Just Another Christmas / Tudo Bem No Natal Que Vem

RELATED: First Look at Netflix’s Operation Christmas Drop (Shot on a Military Base!) Starring Kat Graham

New TV Shows

TBD in November: <Überweihnachten

Nov.