Full Year Results 

Softcat ‘on track’ amid macro uncertainty

Softcat ‘on track’ amid macro uncertainty

Softcat (SCT) had already revealed that its full-year numbers to July 2019 would be ahead of expectations. In the event, they still beat broker Numis’s upgraded forecasts by 2 per cent. True, gross profits – which the IT infrastructure group describes as its "most important measure of income" – climbed by 20.5 per cent, reaching £211m – lower than the 28.5 per cent growth rate seen a year earlier, but impressive enough in the face of tough comparatives. However, operating profits saw a more significant improvement, rising 24.3 per cent to £84.5m.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now