Softcat ahead of where it expected to be as trading remains positive
Softcat
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Softcat said on Tuesday that trading has remained positive since its first-quarter statement in mid-November and the company is ahead of where it expected to be.
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In an update ahead of its interim results, the provider of IT infrastructure technology and services said demand from its public sector customers has remained strong.
"The corporate picture has continued to improve but is also somewhat mixed, with some customers pursuing large projects and others taking a more cautious approach," it said. "Ongoing investment in our multinational and technical capabilities, which continued throughout 2020 despite the challenges of Covid-19, has enabled us to play an important role in these large projects with both corporate and public sector customers."
Softcat said that while much still needs to be done in the second half, which remains difficult to forecast, with the seasonally-important December trading period behind it the group is now "significantly ahead" of where it expected to be at this stage.