Softcat shares boosted after positive trading update

0 mins. to read
Softcat shares boosted after positive trading update
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 IT infrastructure provider Softcat (LON:SCT) has said that full-year results will be slightly ahead of expectations following strong trading through the quarter ended 30th April. Profits and revenue are up year-on-year and management said that this growth was broad-based across technology segments and customer segments.

The firm also said that its plans for a new Birmingham office were proceeding well and that it expected to open on schedule.

The price of Softcat shares rose by 2.29% to 961.50p (as of 13:40 BST).

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.