17th Mar 2020 09:20
(Alliance News) - Softcat PLC on Tuesday said its earnings increased in the first half of its current financial year, with "good" start made made in the second half.
The FTSE 250-listed provider of IT infrastructure products reported revenue of GBP524.1 million for the six months to the end of January, up 21% from GBP434.0 million a year earlier, pushing pretax profit up 19% to GBP40.5 million from GBP34.0 million.
Softcat declared an interim dividend of 5.4 pence a share, up 20% from 4.5p paid a year earlier.
Looking ahead, the company said the second half of its current financial year has started well and to date it has not seen a "material impact" from the ongoing Covid-19 outbreak.
Softcat said it intends to continue to invest in its business and is confident in its ability to continue to build market share and drive profitable growth over the longer-term.
"We are pleased with the strong performance in the first half as we continue to drive share gains in a healthy market," said Chief Executive Graeme Watt.
"I am very pleased with the fantastic contribution of the whole team at Softcat in delivering and meeting the challenges of continued high growth and expansion," added Watt.
Softcat shares were trading 8.9% higher in London on Tuesday at 1,025.00p each.
By Evelina Grecenko; [email protected]
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