REG - Softcat PLC - Q1 2025 Trading Update

SoftcatAnnouncement

20/11/2024 07:00

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RNS Number : 8631M  Softcat PLC  20 November 2024

20 November 2024

 

Softcat plc

 

Q1 2025 Trading Update

 

Softcat plc ("Softcat", or the "Group"), a leading UK provider of IT
infrastructure technology and services, today publishes its trading update for
the first quarter ended 31 October 2024 ("the Period").

 

The Group performed well during the Period, delivering further growth in gross
profit and operating profit.  Customer demand remains resilient, supported by
our broad portfolio offering and well-diversified customer base.  The Board
is pleased with progress to date, which is consistent with the outlook
provided in our full year results announcement, for double-digit gross profit
growth together with high single-digit operating profit growth in FY2025.

 

Graham Charlton, Chief Executive Officer, commented:

 

"I'm pleased to report another positive performance in the Period.  As
expected in the year to date, customer demand trends have remained largely
consistent with those seen in the prior financial year.  The breadth and
depth of our offering, together with our wealth of expertise, is proving
invaluable to customers in an increasingly complex IT landscape.  I'm
confident that our unique culture and capabilities will enable us to continue
building on the current momentum in the business and successfully execute on
the significant opportunity we see across our markets."

 

 

 

 For further information, please contact:

 Softcat plc
 Graham Charlton, Chief Executive Officer       + 44 (0)1628 403 610
 Katy Mecklenburgh, Chief Financial Officer
 Michael Watts, Head of Investor Relations

 Media Enquiries ‐ FTI Consulting LLP
 Ed Bridges/Matt Dixon                          + 44 (0)20 3727 1000

 

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