Softcat’s market value has hit parity with its larger rival Computacenter.
Softcat’s market capitalisation stands at £1.34 billion compared with £1.32 billion for Computacenter.
Softcat’s revenue run rate is close to 1 billion with its recently posted interim results showing 1H 2018 revenues powering up 25 percent to £472.8 million. Its shares have more than doubled since it listed on the LSE in November 2015.
Of course, Softcat is smaller than Computacenter in almost every respect, but it is nice to know that the market value numbers are the same.
The company’s long-standing CEO Martin Hellawell has announced that he is retiring from the role and is stepping back to the non-executive chairman role to make way for his chosen successor Graeme Watt.
