Softcat PLC Q1 2017 Trading Update (8812P)
23 November 2016 - 6:00PM
UK Regulatory
TIDMSCT
RNS Number : 8812P
Softcat PLC
23 November 2016
23 November 2016
Softcat plc
Q1 2017 trading update
Softcat plc ("Softcat", or the "Company"), a leading UK provider
of IT infrastructure products and services, today publishes its
trading update for the first quarter ended 31 October 2016 ("the
period").
The Board is pleased with performance during the period.
Positive momentum has been maintained during the first 3 months of
the current financial year and gross profit performance has been
strong. The Company has continued to make significant investments
in both sales and technical resource. As a result, operating profit
has performed in line with the Company's expectations.
Outlook
The Softcat management team remains focussed on delivering
profitable growth and cash conversion whilst building scale and
developing the offering.
The Company has invested heavily in future growth and much of
this investment is phased into the first half of the current
financial year with the returns on these investments becoming
evident in the second half of the year - seasonally the stronger
six months for the Company - and beyond. As a result, operating
profit is expected to be weighted towards the second half.
Martin Hellawell, Chief Executive Officer, commented:
"While it's still early days for us in FY17 we are off to a good
start. We are pleased with the levels of growth we have seen in the
first quarter and the investments we are making will further
enhance our position in the market."
For further information, please contact:
Softcat plc
Martin Hellawell, Chief
Executive Officer + 44 (0)1628 403 610
Graham Charlton, Chief
Financial Officer
Media Enquiries- FTI Consulting
LLP
Ed Bridges/Matt Dixon/Dwight
Burden + 44 (0)20 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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