Infrastructure services firm and reseller Softcat has issued a positive trading update for the half year to 31st January 2021, with strong demand from the public sector in particular. Softcat's share price is currently up over 9%.
On the financial year as a whole, Softcat said: “Much still needs to be done in the second half of the financial year which remains difficult to forecast, but with the seasonally important December trading period behind us we are significantly ahead of where we expected to be at this stage.”
The first-half results will be announced on Wednesday 24 March. For the full year to the end of July 2020, the company's services business saw sales jump 36.6% to £115.3m.