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Pin to quick picksSoftcat Regulatory News (SCT)

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1,872.00    -8.00 (-0.43%)
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Spread: 3.00 (0.161%)
Market Cap: £3.67b
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Q1 2024 Trading Update

28 Nov 2023 07:00

RNS Number : 8165U
Softcat PLC
28 November 2023
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28 November 2023

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SoftcatΒ plc

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Q1Β 2024Β TradingΒ Update

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Softcat plc ("Softcat", or the "Company"), a leadingΒ UKΒ provider of IT infrastructure technology and services, today publishes its trading update for the first quarter ended 31 October 2023 ("the Period").

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The Company performed well during the Period delivering year-on-year double-digit gross profit growth from broad-based demand. The Board is pleased with the progress to date which continues to be in line with our expectations and the outlook set at the full year results.

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Graham Charlton, Chief Executive Officer, commented:

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"I'm pleased to report that the team has once again delivered a strong performance in the Period. The demand patterns were consistent with what we saw in the second half of FY2023 with interest in AI technology and the enabling infrastructure continuing to build across the customer base. This is a very exciting time for our industry and customers need more support than ever with the business challenges they are facing. The breadth of our offering enablesΒ us to fully engage with this opportunity."

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ForΒ furtherΒ information,Β pleaseΒ contact:

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SoftcatΒ plc

GrahamΒ Charlton,Β ChiefΒ ExecutiveΒ Officer

+Β 44Β (0)1628Β 403Β 610

Katy Mecklenburgh,Β ChiefΒ FinancialΒ Officer

MediaΒ Enquiries ?Β FTIΒ ConsultingΒ LLP

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EdΒ Bridges/MattΒ Dixon

+Β 44Β (0)20Β 3727Β 1000

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