Softcat ups full-year outlook after strong third quarter trading

(Alliance News) - Softcat PLC on Friday raised its full-year profit growth expectations, as it said it is "encouraged" by momentum in the business.

Shares in the provider of IT infrastructure products shot up 9.9% to 1,584.00 pence on Friday morning in London.

Buckinghamshire, England-based Softcat said it continued to perform well in its third quarter ended April 30, with strong double-digit growth on-year in both gross profit and underlying operating profit.

The company said growth remained broad-based, and reported notable strength in corporate which was supported by demand for AI-enabled infrastructure as well as "continued pull forward of some orders due to memory shortages."

Looking ahead, Softcat upped its outlook for the full-year, with it now expecting mid-teens growth in underlying operating profit, up from high single-digit growth expected prior.

For financial 2025, the company reported underlying operating profit of GBP180.1 million.

Softcat added that it is "encouraged" by business momentum coupled with the prospect for market share gains.

"We have continued to see strong customer demand, with the impact of AI on technology driving investment and innovation across all elements of IT infrastructure," said Chief Executive Graham Charlton.

"With more than 10,000 customers, our experience from the mid-market all the way through to large and complex customers in highly specialised industries, gives us an unrivalled depth of expertise to draw on just when CIOs and IT managers need that help and insight most."

By Christopher Ward, Alliance News reporter

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