Coronavirus Update

Softcat Plc - Q1 2021 Trading Update

This content has been sourced from: https://www.investegate.co.uk/softcat-plc/rns/q1-2...

Softcat plc

Q1 2021 Trading Update

Softcat plc ("Softcat", or the "Company"), a leading UK provider of IT infrastructure technology and services, today publishes its trading update for the first quarter ended 31 October 2020 ("the Period").

The Company performed well during the Period and delivered year-on-year growth in revenue, gross profit and operating profit while also achieving its recruitment targets.  Cash generation has remained in line with normal trends.  The Board is pleased with the results to date and notes further positive momentum heading into the second quarter.

Graeme Watt, Chief Executive Officer, commented:

"We've performed well during the first quarter and saw good results from both corporate and public sector segments but are mindful that there is still a long way to go.  We remain focussed on the wellbeing of our people and supporting our customers."