Softcat Share Price (SCT)

.wealthoracle.co.uk/company-results

Softcat's Q3 to 30 April delivered strong double-digit year-on-year growth in gross profit and underlying operating profit, prompting a material upgrade in FY26 underlying operating profit guidance from high-single-digit to mid-teens growth. The corporate segment leads against broad-based positive momentum, with AI-enabled infrastructure demand pulling investment across datacentre, edge, network, security, data and automation layers in parallel. A cyclical sweetener from customer order pull-forward ahead of memory shortages flatters the print but also signals robust forward booking. The Board flags memory shortages and the macroeconomic environment as the remaining uncertainties, but the depth-of-expertise positioning continues to widen the moat. Vs consensus: Materially ahead of consensus, with FY26 underlying operating profit guidance lifted from high-single-digit to mid-teens growth, implying roughly 7-10 percentage points of upgrade versus the standing analyst range. Verdict: BEAT

.wealthoracle.co.uk/company-results

.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

Noted,

Plus a 42m with DWPs

From Bidstats Contract Award Notice

by LEICESTERSHIRE POLICE

hardware and Associate Consumables

A Contract Award Notice

by LEICESTERSHIRE POLICE

Source

Contracts Finder

Type

Contract (Products)

Duration

4 year

Value

£110M

Sector

TECHNOLOGY

Published

14 Apr 2026

Delivery

01 Apr 2026 to 28 Feb 2030

Little big for deadcat bounce surely?

Whole market up today and after our fall, we have some value to regain - buying small amounts with proceeds from small company gains.

DYOR