Softcat hails 'strong' double-digit growth in Q1

(Sharecast News) - IT infrastructure provider Softcat said on Tuesday that it traded well during the first quarter, delivering "strong" double-digit year-on-year growth in gross profit and underlying operating profit. The group said growth remains broad-based across technology areas and customer segments.

"The board is pleased with progress to date, which is consistent with the outlook provided in our full year results announcement," it said.

Chief executive Graham Charlton said: "I'm pleased to report further encouraging progress for Softcat in the period, with continued good demand from customers across the wide range of our technology proposition.

"We operate in a large and growing market and continue to gain market share, reflecting our special culture, differentiated offering and deep customer relationships. The sustained investment behind our strategic priorities strengthens our ability to address the increasingly complex needs of customers and deliver on the significant growth opportunities ahead."