this headline was corrected at 0605 gmt to reflect aveva group plc sees 1h revenue fall the original headline incorrectly had a question mark at the end of the word fall aveva group plc said tuesday that revenue for the first half of fiscal 2023 declined by a lowsingledigit rate on year on an organic constant currency basis as costs increased significantly against the first half of the prior year which was affected by covid19 the uk engineering and industrialsoftware company said however that on a reported currency basis revenue grew at an uppersingledigit rate amid the strengthening of the us dollar the dollar accounts for the majority of avevas revenue it said net debt was around 618 million pounds 702 million on sept 30 the end of its fiscal first half including the negative impact of currency translation of over gbp110 million fullyear forecasts show revenue seasonality at broadly similar levels to previous years and significantly lower secondhalf cost increases