Softcat growing

Softcat has reported growth in revenue, gross profit and operating profit for the first quarter although stopped sort of quoting any actual numbers.

The reseller said that customer demand had “remained strong across all segments” during the three months ending 31 October.

CEO Graeme Watt said: “We’ve traded well during the first quarter of our new financial year and, while there’s still a long way to go, we’re pleased with the performance so far and are where we’d want to be at this stage.

“The company has grown both customer numbers and gross profit per customer during the period, in line with our simple strategy. The breadth and depth of our offering, together with the scale and diversity of our customer relationships, remain key strengths upon which we continue to build and during the period we saw good growth across all customer and technology segments. Our second quarter has started well, and I’m confident we will meet the board’s expectations for the year.”

Softcat announced its full-year results last month, with revenue breaking the £1 billion barrier for the first time.