Softcat shares boosted after positive trading update

By
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).

Comments (0)

Leave a Reply

Your email address will not be published.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

YOUR FREE INVESTMENT MAG

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