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Trading statements

Softcat says well placed for strong FY performance

24 May 2016 07:38

Softcat said the solid ongoing progress it has made during Q3 gives directors confidence that the business is well placed to deliver a strong performance for the full year.

The Company met management's expectations for gross and operating profit from underlying trading in the three months to April 30.

In addition, it enjoyed higher than anticipated incremental benefit from previously highlighted and now fully realised procurement savings.

"Revenue growth was slightly ahead of that seen in the first half, with gross profit and operating profit also growing faster than in the first six months. Business mix was again concentrated in higher margin solutions categories," Softcat said.

"Period-on-Period growth was achieved both in terms of customer numbers as well as gross profit per customer.

"In April 2016, the Company was delighted to be named by Great Place to Work as first overall on the UK's Best Workplaces ranking in the large category (organisations with 500+ employees)."

Story provided by StockMarketWire.com

Related Company: SCT

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