UK's Softcat FY2026 profit rises on large projects
UK's Softcat FY2026 profit rises on large projects
Overview
UK IT infrastructure provider's preliminary FY2026 revenue grew 35% yr/yr
Gross profit for FY2026 rose 25% yr/yr
Company completed £45 mln share buyback in FY2026
Outlook
Softcat expects high single-digit underlying operating profit growth in FY2027, excluding GDT contribution
Company expects FY2027 underlying operating profit growth to outpace gross profit growth
Company sees continued strong demand for IT infrastructure, but notes memory chip supply constraints
Result Drivers
LARGER SOLUTIONS PROJECTS - Co said gross profit growth was supported by larger solutions projects, customer orders pulled forward due to memory shortages, and positive vendor rebates
CORPORATE SEGMENT STRENGTH - Co said corporate segment, including small, medium and enterprise customers, delivered strong double-digit gross profit growth
TECHNOLOGY DEMAND - Co said strong double-digit gross profit growth in data centre infrastructure, networking, security, workplace, and improved demand for client devices
Company press release: ID:nRSN8228Ya
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 1.98 bln |
|
FY Adjusted EBIT |
| GBP 215.10 mln |
|
FY Gross Profit |
| GBP 616.30 mln |
|
FY Operating Profit |
| GBP 196.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Softcat PLC is GBp2,130.00, about 10.7% above its October 13 closing price of GBp1,924.00
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)