Q1 results lift Softcat shares

FTSE 250 IT infrastructure firm Softcat (LON:SCT) watched its share price increase by 8.24% to 1,209p (as of 15:30 GMT) after delivering year-on-year revenue and profit growth for the quarter ended 31st October. Management said that they were happy with the performance and the positive momentum had continued into the current period.

CEO Graeme Watt commented: “We’ve performed well during the first quarter and saw good results from both corporate and public sector segments but are mindful that there is still a long way to go. We remain focussed on the wellbeing of our people and supporting our customers“.