26th May 2020 09:25
(Alliance News) - Softcat PLC said Tuesday its trading in the quarter ended April 30 has been "satisfactory".
Shares in the FTSE 250-listed IT infrastructure and services provider were down 4.8% in London on Tuesday morning at 1,197.00 pence each.
In a brief trading update, Softcat said it saw growth in revenue, gross profit and operating profit in its third quarter.
Cash receipts from customers have remained broadly in line with normal trends, Softcat added.
The firm continued: "There remains a high degree of uncertainty in the coming months and Softcat is not immune to the challenges faced by the wider economy. However, we have moved seamlessly to a remote working model and the board is encouraged by the resilience of the business thus far."
By Paul McGowan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Softcat