2nd Dec 2015 08:32
LONDON (Alliance News) - Recently-listed IT infrastructure provider Softcat PLC on Wednesday said its revenue for the first quarter rose year-on-year, amid solid growth in both volumes and revenue per customer.
The company, which listed in London earlier this month, said revenue for the quarter to the end of October was GBP141.0 million, up from GBP124.0 million a year earlier, with higher volumes and better revenue per customer.
Softcat said its gross margin for the quarter was broadly in line with its 2015 financial year, as it works on its growth strategy, including an expansion of its sales force and plans to open new branches and extend its floor space at its head office in Marlow in Buckinghamshire.
"The company's performance over the first quarter provides a firm foundation on which to begin life as a public company," said Chief Executive Martin Hellawell.
Shares in Softcat were down 0.4% to 280.72 pence early Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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