Softcat PLC Q1 2020 Trading Update (7542U)

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RNS Number : 7542U

Softcat PLC

27 November 2019

27 November 2019

Softcat plc

Q1 2020 Trading Update

Softcat plc ("Softcat", or the "Company"), a leading UK provider of IT infrastructure technology and services, today publishes its trading update for the first quarter ended 31 October 2019 ("the Period").

The Company has maintained strong momentum during the Period and has again delivered year-on-year growth in revenue, gross profit and operating profit.

Graeme Watt, Chief Executive Officer, commented:

"We've performed well during the first quarter of our new financial year. Customer numbers and gross profit per customer were both up on the prior period, and we again saw growth across all areas of technology and customer segments. We also successfully opened our new office in Birmingham in September and are excited about the contribution it can make over the long term. While it is still early in our new financial year, I'm confident we will achieve the goals we have set ourselves for 2020."

 
 For further information, please 
  contact: 
 
 Softcat plc 
 Graeme Watt, Chief Executive 
  Officer                             [phone] 
 Graham Charlton, Chief Financial 
  Officer 
 
 Media Enquiries -- FTI Consulting 
  LLP 
 Ed Bridges/Matt Dixon/Dwight 
  Burden                              [phone] 
 

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November 27, 2019 02:00 ET (07:00 GMT)