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The Markets
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Proactive UK has moved.
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The Markets
by Proactive
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Proactive UK has moved.
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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

Softcat (LSE:SCT) PLC said its progress during the first quarter to end-October 2021 met expectations, with year-on-year growth in revenue, gross profit and operating profit.

The IT infrastructure technology and services company also said cash generation has remained strong and in line with normal trends.

"The team has continued to perform well during the first quarter and we saw good growth from both mid-market and enterprise corporate customers as well as the public sector,” said chief executive Graeme Watt.

“Customer demand has remained high and the hardware supply situation is stable. We've a lot still to do in the next nine months but the team is delivering with confidence and is benefitting from being able to spend more time together in our offices.“

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