Softcat confirms annual guidance after strong profit in first quarter

Softcat PLC on Thursday reaffirmed its annual outlook after reporting strong demand and positive momentum in the first quarter.

The IT infrastructure products and services provider said it delivered "strong double-digit year-on-year growth in gross profit and underlying operating profit" in the three months ended on October 31.

Softcat said growth was widespread across all its technology areas and customer segments.

The Marlowe, England-based company kept its guidance unchanged from its last full-year results, when it said it expected to deliver high single-digit growth in underlying operating profit in financial 2027. In financial 2026, it amounted to £215.1 million.

Softcat also said it is making good progress towards completion of its USD1.05 billion acquisition of GDT Topco LP, a Texas-based, multi-vendor IT solutions provider. The company had previously said it expected the deal to close by the end of the first quarter.

Chief Executive Graham Charlton said: "We have made a strong start to the year, building on our full financial year 2026 performance, with continued good customer demand and positive momentum across our broad technology proposition."

Shares in Softcat rose 3.6% to 1,689.00 pence on Thursday afternoon in London.

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