Softcat PLC — Earnings Release 2020

Nov 27, 2019

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RNS Number : 7542U

Softcat PLC

27 November 2019

27 November 2019

Softcat plc

Q1 2020 Trading Update

Softcat plc ("Softcat", or the "Company"), a leading UK provider of IT infrastructure technology and services, today publishes its trading update for the first quarter ended 31 October 2019 ("the Period").

The Company has maintained strong momentum during the Period and has again delivered year-on-year growth in revenue, gross profit and operating profit.

Graeme Watt, Chief Executive Officer, commented:

"We've performed well during the first quarter of our new financial year.  Customer numbers and gross profit per customer were both up on the prior period, and we again saw growth across all areas of technology and customer segments.  We also successfully opened our new office in Birmingham in September and are excited about the contribution it can make over the long term.  While it is still early in our new financial year, I'm confident we will achieve the goals we have set ourselves for 2020."

For further information, please contact:
Softcat plc
Graeme Watt, Chief Executive Officer	+44 (0)1628 403 610
Graham Charlton, Chief Financial Officer
Media Enquiries ‐ FTI Consulting LLP
Ed Bridges/Matt Dixon/Dwight Burden	+44 (0)20 3727 1000

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