Softcat PLC Q1 2024 Trading Update (8165U)

TIDMSCT

RNS Number : 8165U

Softcat PLC

28 November 2023

Softcat plc

Q1 2024 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 2023 ("the Period").

The Company performed well during the Period delivering year-on-year double-digit gross profit growth from broad-based demand. The Board is pleased with the progress to date which continues to be in line with our expectations and the outlook set at the full year results.

Graham Charlton, Chief Executive Officer, commented:

"I'm pleased to report that the team has once again delivered a strong performance in the Period. The demand patterns were consistent with what we saw in the second half of FY2023 with interest in AI technology and the enabling infrastructure continuing to build across the customer base. This is a very exciting time for our industry and customers need more support than ever with the business challenges they are facing. The breadth of our offering enables us to fully engage with this opportunity."

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

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November 28, 2023 02:00 ET (07:00 GMT)

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