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Stock impact report

Need For Sustainable Industrial Ecosystems Is A ‘Great Business' For AVEVA's Boss [Forbes]

SCHNEIDER ELEC UNSP/ADR (SBGSY) 
Company Research Source: Forbes
As the Chief Executive Officer of industrial software and consulting firm AVEVA, he recently oversaw his company – now a wholly-owned subsidiary of Schneider Electric (EPA: SU) – post a record annual recurring revenue growth of 20% in 2023. It's not just that his "business is great", he also happens to be in "a great business" – that of providing technological solutions for sustainable industrial ecosystems, Herzberg tells your correspondent in an exclusive interview. "Wherever you go sustainability is a massive topic, and that's great for a business like ours. What we offer fundamentally is software to make businesses, governments, infrastructure managers or site operators more sustainable, enhance their low carbon credentials and improve throughput. That's very welcome in today's world." With its historic background in computer aided design (CAD), AVEVA provides a whole spectrum of industrial software from digital twin technologies to AI-based solutions and predictive analytic Show less Read more
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