Softcat posts positive first quarter growth

Technology infrastructure and services provider Softcat said on Monday that it performed “well” during the first quarter.

The FTSE 250 company said it delivered year-on-year growth in revenue, gross profit and operating profit, while also achieving its recruitment targets.

Cash generation was said to be in line with normal trends.

Softcat’s board said it was “pleased” with the results to date, noting further positive momentum heading into the second quarter.

“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.,” said chief executive officer Graeme Watt.

“We remain focussed on the wellbeing of our people and supporting our customers.”

At 0900 GMT, shares in Softcat were up 6.7% at 1,191.88p.