Company
Softcat PLC
LON:SCT
Softcat PLC, located in Marlow, the United Kingdom, is a provider of software licensing, hardware, security and related IT services.
86 stories
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FTSE 100 Live: Stocks close higher lifted by US gains
At the close, London's blue-chip index was up 14.87 points, 0.2%, at 7,389.70 while the FTSE 250 was down 64.89 points, 0.4%, at 16,994.10
Softcat and La-Z-Boy slapped with civil sanctions for recycling laziness
The companies failed to comply with regulations that ensure that businesses fund the recycling of the packaging waste that they place on the UK market
Hardware & electrical equipment
Softcat raises full year-profit expectations
The London-listed company experienced growth across all its technology segments in the third quarter
Hardware & electrical equipment
Softcat lifts full-year guidance despite continued components shortages
Supply chain issues and labour shortages have hindered performance but travel restrictions as a result of COVID-19 have reduced costs and led to better-than-expected operating profit
Hardware & electrical equipment
Softcat progressing in line with forecasts
The IT infrastructure technology and services company saw year-on-year growth in revenue, gross profit and operating profit in the first quarter
Hardware & electrical equipment
Softcat remains optimistic despite return to business travel hitting trading
Full-year operating profit for 2022 is expected to be in line with the record achieved in 2021
Hardware & electrical equipment
Sell Softcat says UBS due to fading demand from remote working
The analysts pointed out that the shares are trading at 46.1 times forecast earnings per share, a sizeable premium to their long term p/e average of 25.6
Hardware & electrical equipment
Softcat shares purr as it upgrades full-year forecasts
In an update for its third quarter, the FTSE 250 IT firm said it had “continued to trade” well and had built upon its “exceptional first half performance”
Hardware & electrical equipment
Softcat says full-year results to significantly top expectations
In the six months to January 31, revenue jumped 10% to £577mln while profit before tax climbed 29% to £57mln
Hardware & electrical equipment
Softcat upgraded by Citigroup driven by shift to remote working
The investment bank assumed its ‘sell’ thesis on the IT group’s inability to maintain its valuation premium
Hardware & electrical equipment
Softcat highlights continued strong trading amid demand from public sector
The FTSE 250-listed IT firm also said while its second half “remains difficult to forecast”, it is currently “significantly ahead” of where it expected itself to be following its seasonally important December trading period
Hardware & electrical equipment
Softcat says revenue, profits higher in first quarter
The provider of IT infrastructure technology and services said it also achieved its recruitment targets
Hardware & electrical equipment
Softcat announces special dividend on top of previously announced distribution
Corporate customers are expected to remain tight with their spending over the coming months
Hardware & electrical equipment
Softcat to resume dividend payments as profits come in slightly ahead of forecasts
In an update for the year ended July 31, the IT firm said it had “continued to trade satisfactorily” in the final three months of the year
Hardware & electrical equipment
Softcat grows revenue and profits but says not immune to coronavirus crisis
“We have moved seamlessly to a remote working model and the board is encouraged by the resilience of the business thus far”
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FTSE 100 closes firmly higher as traders appear buoyant after holiday weekend
The Footsie finished more than 74 points, or 1.24%, ahead at 6,067 on Tuesday following the Bank Holiday weekend
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Shortened trading week to see results from British Land, Britvic and IWG
The macro calendar will see more US jobless claims and GDP data as well as UK consumer confidence figures
Hardware & electrical equipment
Softcat feline confident after "strong" quarter
The IT infrastructure technology and services provider said revenue, gross profit and operating profit were all up year-on-year in the past quarter
Hardware & electrical equipment
Softcat financials reveal strong growth as simple strategy is “well-executed”
The FTSE 250-listed firm said revenue rose by 24.4% from the previous year to £991.8mln, while gross profit amounted to £211.1mln, up 20.5%
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FTSE 100 index closes higher midweek as traders push pause on Brexit and trade fears
Britain's blue-chip index finished up 49.77 points at 7,262.26 on Wednesday
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Softcat to purr on Wednesday after four profit upgrades
The mid-cap software firm is hoping to achieve its tenth consecutive year of profit growth
Hardware & electrical equipment
Softcat purrs as it lifts annual profit guidance for fourth time this year
Softcat has enjoyed a strong final quarter, which is typically when it makes most of its money
Bunzl names Galliford Try's chairman Peter Ventress as chairman designate
"With many years of relevant commercial and board experience, I am confident that he will successfully lead Bunzl," said Philip Rogerson, who is due to vacate the chair of Bunzl in April 2020.
Hardware & electrical equipment
Softcat purrs over strong trading performance
IT reseller has now upgraded expectations three times during its fiscal year
Investments and investor services
FTSE 100 closes in the red as trade tensions and Brexit confusion rumble on
The UK index of leading shares closed down nearly 38 points at 7,310
Hardware & electrical equipment
Softcat surges as strong first half leads to upgraded full year forecasts
The FTSE 250 IT group said its full year was now expected to be “marginally ahead” of previous expectations after profits jumped by around £10mln in the first six months
Investments and investor services
Maestrano pulls out of its tailspin after show of support from the chairman
A look at the day's major movers, including Tern, Mears, Elecosoft, Polypipe, Softcat and NAHL
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FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
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Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
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Greggs shares are on a roll thanks to Piers Morgan and vegans
A look at some of the day's major stock market movers on Wednesday.
Hardware & electrical equipment
IT specialist Softcat “materially ahead” of expectations after stellar December
The bullish outlook is a complete contrast to its predictions in October when Softcat cautioned that “exceptional market conditions” would make it difficult to keep up the pace of growth
Hardware & electrical equipment
Softcat reports year-on-year growth across the board in first quarter
The FTSE 250 IT infrastructure firm said demand had remained strong across all segments during the period, with growth in revenues, gross profit, and operating profit
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Mid-week brings déjà vu with post-update Findel results and second reading of US GDP
Findel's October update will have most likely covered any surprises in its interims, while the US's third-quarter GDP could move from the previous reading of 3.5%
Hardware & electrical equipment
Softcat strikes a cautious note on growth
"Revenue growth was 30% and operating profit was up on the prior year by 36%, driven by successful execution of our simple strategy but also supported by exceptionally good market conditions," said the CEO, Graeme Watt
FTSE 100 closes in the red as May set to address EU27
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
Investments and investor services
Barratt Developments is the next homebuilder in the City schedule
Barratt is to follow Tuesday's update from Bellway.
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
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Mindless Momentum strategy working a treat for blue-chips
It is time to check in on how the three "momentum" virtual portfolios are doing and spruce them up a bit, starting with the portfolio featuring companies with a market cap of more than £1bn
Hardware & electrical equipment
Softcat expects full-year profit ahead of expectations
In a trading update for the year ending July 31, the FTSE 250-listed firm said that marketing conditions have been very favourable and growth against prior year has accelerated
Hardware & electrical equipment
Softcat earns top billing as investors recognise the opportunity
Softcat shares have risen by a third to 692p since strong interim numbers were flagged in February and are currently close to an all-time high
Hardware & electrical equipment
Softcat slides after strong interims fail to prevent profit-taking
The mix of revenue shifted slightly from services to hardware in the period, with the hardware mix rising to 34.8% from 33.3%
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FTSE 100 closes in the red as markets jittery ahead of Fed interest rate decision
The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
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B&Q stores chain Kingfisher to provide hints to health of UK retail sector with full-year results
The day ahead includes full-year results from FTSE 100 DIY retailer Kingfisher PLC, plus the latest Federal Reserve rate decision, and UK unemployment and average earnings data
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Momentum investing: Use the Force, Luke
A lot of academic research suggests a momentum investing strategy outperforms the market. John Harrington attempts to concoct a lazy person's momentum investing system.
Hardware & electrical equipment
Berenberg gives Softcat shares a boost, upgrading to 'buy' after raising its price target
The broker cited Softcat’s benefits from higher inflation, its run-rate earnings being ahead of expectations, and the high likelihood of a special dividend as the three key reasons behind its decision to upgrade
Highland Gold Mining boosted by updated mineral resource estimate for flagship Kekura project
A look at some of the biggest risers and fallers in the London market on Tuesday
Hardware & electrical equipment
Softcat edges higher as it lifts full-year guidance after strong first half
Trading for the six months to January 31 was better than management had expected, with adjusted operating profits up 19% year-on-year
FTSE 100 closes 2.64% lower as stock chaos continues
FTSE 100 closed 2.64% lower, or 193 points, at 7,141 amid chaotic US trading
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Let's start with Bitcoin!
Investments and investor services
FTSE 100 closes lower as pound firms amid Brexit bill breakthrough
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
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Pennon to reassure despite regulatory buffeting
Trading updates are expected from Pennon, Britvic, LondonMetric, Telford Homes and Brewin Dolphin.
RWS Holdings weak as it launches placing funded US$320mln acquisition
A look at some of the biggest risers and fallers in London today
FTSE 100 closing in on record high; Pearson top riser
FTSE 100 closed at 7,542, below last Thursday’s closing high of 7,556.24 while the Dow soared above the 23,000 level today
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Lagging UK wage growth to be highlighted in labour market data
Day ahead includes latest UK average earnings and unemployment data, plus third quarter trading updates from Reckitt Benckiser PLC and Rathbone Brothers PLC
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UK inflation and jobs data to show real wages remain under pressure
The Week Ahead includes economic data on UK jobs, inflation and retail sales along with full year results from ASOS and Bellway and trading updates from Travis Perkins, Merlin Entertainments, Unilever and Intercontinental Hotels Group
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B&Q owner Kingfisher reports 2016 results amid ambitious turnaround plan
It's been two years since Véronique Laury took the helm of Kingfisher so her restructuring efforts will be in the spotlight tomorrow with the company's 2016 results
Reckitt Benckiser picks up the consumer goods baton
The Dettol and Nurofen maker reports its third quarter statement and investors will be hoping that margin and sales growth has continued.
Week Ahead: Retailers ASOS and Burberry go head-to-head
The collapse of sterling will have been a boon to both retailers
Hardware & electrical equipment
Softcat makes 'solid' start to new financial year
Softcat told investors that first-quarter revenues were up 14% at £141mln, while gross profit margins remained in line with levels recorded during 2015.
Most followed: Sky, Mog the Cat, UK coal, Breedon ...
A look at some of Wednesday's trending financial stories...
Hardware & electrical equipment
Softcat shares continue good run on London debut
Softcat got off to a good start in London life as shares advanced further as full trading of the shares began on Wednesday.