Softcat -16 Apr 2026 16:01
.wealthoracle.co.uk/companies/SCT
Softcat plc reported an exceptional first half performance for the six months ended 31 January 2026, delivering strong growth across all key financial metrics and upgrading full-year guidance. Gross invoiced income increased by 33.3% to £2,008.6 million, reflecting broad-based demand, contributions from larger solutions projects, and some pull-forward of customer orders due to memory shortages. This translated into gross profit growth of 22.6% to £269.9 million, highlighting the quality of revenue and continued strength across all technology categories and customer segments, particularly within the corporate division.Profitability improved materially, with underlying operating profit rising by 27.3% to £93.8 million, driven by strong gross profit conversion alongside continued investment in the business. Underlying earnings per share increased by 25.8% to 36.1p. Cash generation was a standout feature, with underlying cash conversion of 147.6%, supporting a robust balance sheet with net cash of £206.0 million. This enabled continued shareholder returns, including an interim dividend of 9.9p per share, up 11.2%, and completion of a £45 million share buyback programme. Operationally, performance was underpinned by sustained customer demand for AI-enabled infrastructure, with increasing investment in compute, storage...
.wealthoracle.co.uk/companies/SCT