24th May 2016 07:06
LONDON (Alliance News) - IT infrastructure company Softcat PLC on Tuesday said it remains on track for a strong full-year performance following good trading in the third quarter.
Softcat said trading in the third quarter to the end of April was in line with its expectations, with gross and operating profit on track. The group also said it has mad higher-than-anticipated savings from its procurement practices.
Revenue growth in the quarter was ahead of the first half, Softcat said, while gross profit and operating profit also grew faster thanks to a focus on higher-margin work.
Softcat shares opened up 0.5% to 318.61 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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