Softcat trading 'well' in first quarter

FTSE 250 IT infrastructure and services provider Softcat said on Wednesday that it maintained "strong momentum" in the first quarter, with growth in revenue, gross profit and operating profit.

In a brief update for the quarter to the end of October, the company said it had performed "well".

Chief executive officer Graeme Watt said: "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."