REG - Softcat PLC - Q1 2019 Trading Update

SoftcatAnnouncement

28/11/2018 07:05

RNS Number : 6792I
Softcat PLC
28 November 2018
 


28 November 2018
 
Softcat plc
 
Q1 2019 Trading Update
 
Softcat plc ("Softcat", or the "Company"), a leading UK provider of IT infrastructure technology and services, today publishes its trading update for the first quarter ended 31 October 2018 ("the Period").
 
Customer demand has remained strong across all segments during the Period and the Company has again delivered year-on-year growth in revenue, gross profit and operating profit.
 
Softcat continues to invest in building scale and developing its offering and the Irish office, opened during the Period, has started well. 
 
 
Graeme Watt, Chief Executive Officer, commented:
 
"We've traded well during the first quarter of our new financial year and, whilst there's still a long way to go, we're pleased with performance so far and are exactly where we'd want to be at this stage.
 
The Company has grown both customer numbers and gross profit per customer during the Period, in line with our simple strategy.  The breadth and depth of our offering, together with the scale and diversity of our customer relationships, remain key strengths upon which we continue to build and during the Period we saw good growth across all customer and technology segments.
 
Our second quarter has started well and I'm confident we will meet the Board's expectations for the year."
 
 



For further information, please contact:


 




 


 




Softcat plc


 




Graeme Watt, Chief Executive Officer


+ 44 (0)1628 403 610




Graham Charlton, Chief Financial Officer


 




 


 




Media Enquiries ‐ FTI Consulting LLP


 




Ed Bridges/Matt Dixon/Dwight Burden


+ 44 (0)20 3727 1000



 




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