Softcat says trading in first half ahead of expectations
Source - SMW
IT infrastructure and software provider Softcat said trading in the first half was ahead of its expectations, with a strong performance experienced in all of its business segments.
Gross profit and adjusted operating profit for the six months through December grew by 22% and 19%, respectively, reflecting 'consistent performance across the period and further successful execution of the strategy'.
'The nature of the company's operations means that forward visibility is relatively low,' Softcat said.
'However, the strong first half performance will clearly support the full year out-turn and as a result the board expects to slightly exceed previous expectations.'