Softcat rises on upgrading annual operating profit guidance

Softcat

28/05/2025 08:47

** Shares of information technology company Softcat SCTS.L up as much as 4.38% at 1858p; highest level since March 2022

** SCTS now expects low-teens growth in operating profit for full year, up from low double-digit announced previously

** Co's Q3 trading statement, points to strong double-digit growth in gross profits and operating profits, the tone implies broad-based spending, but calls out conversion of some larger deals, say analysts at Jefferies in a note

** Co says, growth remains broad-based across technology areas and customer segments, supported by conversion of some larger solutions projects in Q3

** As of last close, stock up ~16.79% YTD

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))