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Annual Results

Softcat improves FY pretax profit

19 October 2016 07:33

Softcat has improved its FY pretax profit to £42.4m, from £39.8m.

Revenue was up at £672.4m, from £596.1m.

It proposed a final dividend of 3.6p a share, and a special dividend of 14.2p a share.

"We are pleased to report continued strong organic growth at Softcat with 12.8% revenue growth, 17.5% growth in gross profit and 15.2% growth in adjusted operating profit," said CEO Martin Hellawell.

He said this was achieved against a backdrop of very modest growth in the UK economy which has equally been reflected in the IT market.

"We have continued to win large numbers of new customers and earn increased spend from our existing customers.

"This has been achieved by our relentless focus on customer service, which is in turn driven by an excellent and engaged team of people at Softcat. We were delighted to be named as the UK's No.1 Best Workplace by the Great Places to Work Institute in April 2016.

"Other recent notable highlights include entering the FTSE 250, the opening of our Glasgow branch, an incremental 133 people joining our organisation in the last financial year, and a plethora of industry awards including HP Enterprise Partner of the Year, Cisco UK&I Commercial Partner of the Year and Sophos UK&I Partner of the Year."

Story provided by StockMarketWire.com

Related Company: SCT

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