20th Nov 2024 10:02
(Alliance News) - Softcat PLC on Wednesday said both gross profit and operating profit rose in its financial first quarter, amid steady demand.
The Marlow, Buckinghamshire-based IT infrastructure and services provider attributed its success to "resilient" customer demand in the three months that ended October 31, the first quarter of its 2025 financial year.
The quarter's results supported the outlook provided in Softcat's full-year results back in July, it said.
Softcat provided no revenue or profit figures in its trading update on Wednesday.
Softcat said it is confident about the prospect of increasing gross profit by a double-digit percentage and operating profit by a high-single-digit percentage in financial 2025.
Chief Executive Officer Graham Charlton added Softcat will "continue building on the current momentum in the business".
Softcat shares were down 0.5% at 1,629.34 pence each on Wednesday morning in London.
By Holly Munks, Alliance News reporter
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