Softcat shares boosted after positive trading update

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Softcat shares boosted after positive trading update
Master Investor Magazine

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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).

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