(Alliance News) - Softcat PLC on Monday said it performed well in its first financial quarter with higher revenue and profit and "positive momentum" heading into its second quarter.
Softcat provides IT infrastructure technology and services and is headquartered in Marlow, Buckinghamshire. Its shares were up 5.4% at 1,177.00 pence in London on Monday morning.
For the three months ended October 31, its first quarter, Softcat said it achieved year-on-year growth revenue, gross profit, and operating profit, without providing figures. It also met its recruitment targets.
Additionally, Softcat said its cash generation in the quarter stayed "in line with normal trends". Softcat commented that it is pleased with its results to date and noted additional "positive momentum" as it moves into its second quarter.
Chief Executive Graeme Watt said: "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 well-being of our people and supporting our customers."
By Anna Farley; annafarley@alliancenews.com
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