Softcat plc (“Softcat”, or the “Company”), a leading UK provider of IT infrastructure technology and services, updates on trading ahead of its interim results for the six months to 31 January 2021.
Trading has continued to be positive since the Q1 statement on 16 November 2020.
Demand from public sector customers has remained strong. The corporate picture has continued to improve but is also somewhat mixed, with some customers pursuing large projects and others taking a more cautious approach. Ongoing investment in multinational and technical capabilities, which continued throughout 2020 despite the challenges of Covid-19, has enabled them to play an important role in these large projects with both corporate and public sector customers.
Much still needs to be done in the second half of the financial year which remains difficult to forecast, but with the seasonally important December trading period behind, they are significantly ahead of where they expected to be at this stage.