Channel bellwether Softcat has announced that its first half turned out better than it anticipated.
The UK’s largest pure-play IT reseller said trading for the six months to 31 January 2018 had been “strong across all segments and ahead of the board’s expectations”.
Softcat said that revenues for its fiscal 2017 grew ahead of expectations to £832.5 million now it seems that gross profit and adjusted operating profit increased by 22 and 19 percent, respectively, in the first half of its fiscal 2018, “reflecting consistent performance across the period and further successful execution of strategy”.
“Strong H1 performance will support the full-year outturn, and as a result, the board expects to exceed previous expectations slightly”, the company said.
It was an interesting quarter for Softcat. It saw itself in the courts when a Leeds newsagent complained the outfit had not paid its £840 milk bill.
The total claim was £900 once newsagent Omran Malik’s costs were factored in. Malik runs a Mace convenience shop on Carlton Parade, Leeds, around half a mile north of Softcat’s Leeds offices.
“I have supplied the defendants’ office in Leeds with deliveries of milk”, said Malik’s claim form, lodged with the county court. “I have been issuing invoices on a monthly cycle direct to Softcat PLC head office in Buckinghamshire. My final reminder was sent on the 04/10/2017 by 1st class signed for delivery to both offices.”