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.

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