UK's Softcat rises on profit outlook upgrade

Softcat

22/05/2026 08:27

** Shares of IT services and infra provider firm Softcat SCTS.L up as much as 11.8% at 1,612p, highest level since November

** Among top gainers on FTSE 250 .FTMC index, which is up 0.67%

** Co raised annual profit forecast on strong corporate demand for AI infrastructure and as customers rush orders in view of global memory chips shortage

** SCTS posts double-digit y/y rise in Q3 gross profit and underlying operating profit

** YTD, including session's moves, SCTS up about 2% vs .FTMC's 2.81% rise

(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))