Full Year Results 

Comparisons are odious for Softcat

Comparisons are odious for Softcat

On the face of it, Softcat’s (SCT) numbers for the 12 months to July were very positive. The IT group’s top line passed the £1bn mark for the first time, and it has now seen 52 consecutive quarters of revenue and profit growth. Meanwhile, cash conversion rose fractionally to an impressive 97.7 per cent. And Softcat’s robust net cash position came despite the pay out of £45.3m in dividends during the year. Adding to the lists of ‘pros’, it has proposed another dividend hike, alongside a special cash return.

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