25th Jul 2019 09:46
(Alliance News) - Softcat PLC said Thursday it has traded well in the fourth quarter, continuing its momentum from the third quarter.
The IT infrastructure provider said the fourth quarter is "typically" the company's largest financial quarter.
As a result, Softcat now expects its full year operating profit to be ahead of prior expectations. Softcat is expected to release its full year results, ending July 31, on October 23.
In financial 2018, Softcat reported pretax profit of GBP68.1 million on revenue of GBP1.08 billion. The company reported operating profit of GBP68.0 million.
In May, Softcat said it expects its annual results to be "slightly ahead" of previous expectations, as trading in the quarter to the end of April was strong.
At the time, the company said it continued to preform well in the three months to April 30, delivering "strong year-on-year growth" across all income and profit measures.
"Performance drivers remained broad-based, with different technology areas and customer segments all showing growth," Softcat said.
Shares in Softcat were 3.1% higher in London on Thursday morning at 947.50 pence each.
Related Shares:
Softcat