Softcat Regulatory News (SCT)

5 January 2021

Softcat plc

Trading Update

Softcat plc ("Softcat", or the "Company"), a leading UK provider of IT infrastructure technology and services, updates on trading ahead of its interim results for the six months to 31 January 2021.

Trading has continued to be positive since our Q1 statement on 16 November 2020. 

Demand from our public sector customers has remained strong. The corporate picture has continued to improve but is also somewhat mixed, with some customers pursuing large projects and others taking a more cautious approach. Ongoing investment in our multinational and technical capabilities, which continued throughout 2020 despite the challenges of Covid-19, has enabled us to play an important role in these large projects with both corporate and public sector customers.

Much still needs to be done in the second half of the financial year which remains difficult to forecast, but with the seasonally important December trading period behind us we are significantly ahead of where we expected to be at this stage.

Our interim results will be announced on Wednesday 24 March.

This announcement has been determined to contain inside information.