Softcat first-quarter trading in line, customer demand 'resilient'

20th Nov 2024 09:23

(Sharecast News) - IT infrastructure and services provider Softcat said on Wednesday that first-quarter trading was in line with guidance.

In a brief update, the company said it performed "well" during the period, delivering further growth in gross profit and operating profit.

Softcat said customer demand remains "resilient, supported by our broad portfolio offering and well-diversified customer base".

It said the progress to date was consistent with the outlook provided in its full-year results, for double-digit gross profit growth and high single-digit operating profit growth in FY2025.

Chief executive Graham Charlton said: "I'm pleased to report another positive performance in the Period. As expected in the year to date, customer demand trends have remained largely consistent with those seen in the prior financial year.

"The breadth and depth of our offering, together with our wealth of expertise, is proving invaluable to customers in an increasingly complex IT landscape. I'm confident that our unique culture and capabilities will enable us to continue building on the current momentum in the business and successfully execute on the significant opportunity we see across our markets."