REG - Softcat PLC - Q1 2022 Trading Update

SoftcatAnnouncement

23/11/2021 07:00

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RNS Number : 1771T  Softcat PLC  23 November 2021

23 November 2021

 

Softcat plc

 

Q1 2022 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 2021 ("the Period").

 

The Company performed well during the Period and delivered year-on-year growth
in revenue, gross profit and operating profit.  Cash generation has remained
strong and in line with normal trends.  The Board is pleased with the
progress to date which has met expectations.

 

 

Graeme Watt, Chief Executive Officer, commented:

 

"The team has continued to perform well during the first quarter and we saw
good growth from both mid-market and enterprise corporate customers as well as
the public sector.  Customer demand has remained high and the hardware supply
situation is stable.  We've a lot still to do in the next nine months but the
team is delivering with confidence and is benefitting from being able to spend
more time together in our offices.  I couldn't be more delighted with their
effort and attitude and would also like to thank our customers for their
ongoing support."

 

 

 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                         + 44 (0)20 3727 1000

 

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