22nd Nov 2022 10:08
Softcat PLC - Marlow, England-based IT infrastructure provider - Says has performed well in the first quarter ended on October 31. Notes strong demand and customer behaviour across all segments, unchanged from the trends seen in the prior year. Says it is pleased with the progress to date, which is in line with its expectations and outlook.
Chief Executive Officer Graeme Watt: "The team has again delivered strong results during the first three months of the new financial year across all customer segments and areas of technology. While the wider economic environment remains uncertain, we continue to see robust demand which highlights the critical role that IT infrastructure plays in modern organisations, whether public or private."
Last month, Softcat recorded a pretax profit increase of 14% to GBP136.1 million for the financial year that ended on July 31 from GBP119.0 million, while revenue jumped by 38% to GBP1.08 billion from GBP784.0 million.
Current stock price: 1,280.00 pence, up 0.3%
12-month change: down 33%
By Xindi Wei; [email protected]
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