UK's Softcat rallies on upbeat FY25 outlook, AI-driven demand

Softcat

19/03/2025 08:49

** IT services provider Softcat SCTS.L rises as much as 11.06% to 1,825 pence

** Stock among top pct gainers across London

** Co expects to deliver double-digit gross profit growth in FY25, expects operating profit growth in low double-digits from high single-digit previously announced

** Says, it is well-positioned to benefit as firms embed AI and automation into operations

** Stifel estimates co will achieve top-line of 1.07 billion pounds ($1.40 bln) for sales and 16.4% EBITDA margin in FY25

** Stocks up ~ 15.6 over 12 month

($1 = 0.7713 pounds)

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))