Softcat PLC (LSE:SCT) shares rose 4.5% after the IT reseller lifted guidance in its year-end trading update.
The FTSE 250-listed company now expects mid-teens growth in operating profit for the year to 31 July 2025, up from prior low-teens guidance.
Cash conversion is expected at the top end of the guided 85%-95% range.
Looking ahead, the Marlow-based outfit said it "remains well positioned to deliver further growth".
Excluding the "significant incremental contribution from large projects" seen in the past year, the Softcat board expects to deliver "low double-digit gross profit growth and high single-digit operating profit growth" in the year to July 2026.
Broker Shore Capital said the reseller and solutions specialist has performed well, supported by further conversion of larger solutions projects.
Analysts forecast aggregate EPS growth of 32% between FY24 and FY27, a 10% compound annual growth rate, underpinned by market share gains and structural drivers such as AI adoption and a PC refresh cycle.