The BRIC economies continue to be hot for the global vendor of plant design and operations software; North America is currently considered a “rough” market for the UK-based vendor.

Plant design and operations software vendor AVEVA (LON: AVV) has reported record revenue for the fiscal year ending March 31, 2011. Rebounding nicely from a down year, the Cambridge, UK vendor reported record annual income of £174 million ($285.6 million), up 17% from FY 2010.

AVEVA’s adjusted pre-tax profits for FY 2011 were £55 million ($90.3 million), up 8% from a year earlier. During FY 2011 AVEVA acquired assets or business segments from two companies, ADB and Logimatic, which contributed £5.6 million ($9.2 million) to revenue in fiscal 2011 despite an initial adjusted pre-tax loss of £1 million ($1.6 million).

AVEVA’s business has been shifting in recent years, gaining in oil and gas and declining in power and marine, a reflection of the general marketplace. Oil and gas now represent 45% of revenue; marine is now 25% of business, and power is down to 15%.

By geography, EMEA is AVEVA’s largest most lucrative region, accounting for 66% of revenue. Business in Europe, Middle East, and Africa was up 6% in FY 2011. AVEVA notes business was particularly strong in Russia, the former Soviet Bloc countries, and the UK, mostly driven by oil and gas. Asia Pacific contributed 38% of revenue in FY 2011, up a whopping 30% on an organic basis. China, Korea, and India were hot spots. The Americas accounted for 18% of revenue, up 7% from a year earlier. Brazil and its fast-growing oil sector was a shining star for AVEVA, and said North America “remains tough.”

By market segment, software revenue was £158 million ($259.4 million), up 14%. New perpetual license fees were up 17% to £41 million ($67.3 million). Services revenue was £16 million ($26.2 million), up 60%; this includes the £4 million ($6.6 million) in revenue from acquisitions. Organic growth was 20%.

AVEVA cash per share on March 31, 2011 was $72.91, down from $94.17 a year earlier due to acquisitions and increased R&D spending. This is an incredible CPS figure only if compared to other companies we cover. The difference is that AVEVA has less than 1 million shares outstanding, while the other companies we cover (including Autodesk, PTC, Dassault Systèmes) have millions of shares outstanding.

Five charts follow, courtesy of AVEVA.