Softcat highlights quarterly growth

Softcat has reported growth in sales and in both gross and operating profits for the first quarter.

While the listed value added reseller did not disclose any exact figures in its market update, the company said that customer demand had 'remained strong across all segments' for the three months ending 31 October.

​Softcat CEO Graeme Watt, in his first report since moving from distributor Tech Data, 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 performance so far, and are exactly 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.

"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."

Last month Softcat announced its full-year results, with revenue breaking the £1bn barrier.

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