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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

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Softcat said its preliminary results are scheduled for release on 17 October 2018

Softcat PLC (LON:SCT), UK provider of IT Infrastructure products and services, has announced that it “has continued to perform exceptionally well” and expects profit to be 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.

READ: Softcat earns top billing as investors recognise the opportunity

 As a result, the company said the board now expects that full-year 2018 adjusted operating profit will be materially ahead of its prior expectations.

Softcat said its preliminary results are scheduled for release on 17 October 2018. 

Quick facts: Softcat

Price: 1101 GBX

LSE:SCT
Market: LSE
Market Cap: £2.18 billion
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