Softcat closed its financial year on July 31st with revenues leaping to approximately £400m, well above expectations.
This represents over 30% growth on the revenue of £307m reported for the same period last year. All aspects of the business performed strongly but the growth rates in public sector, managed services, security and networking were well above company average.
In just the last three financial years, the company has grown from £146m to £400m. This has been achieved entirely organically.
Two hundred new employees joined the organisation in the financial year, well over half of whom joined the company on the graduate programme.
Total staff numbers reached approximately 600 at year-end. In the Best Workplaces league table, Softcat achieved 4th place in the UK and 10th in Europe. The company was also named as the Thames Valley Business of the Year and Management Team of the Year.
Retention of existing customers and growth of business from existing customers remained high with the company recording a 99.2% customer satisfaction rating for the second year in succession. In addition, the company traded with nearly 2,000 new customers in the last year, a new record for the company.
During the course of the last financial year, Colin Brown became Softcat MD and Martin Hellawell, former MD, became Chairman. ??Hellawell commented: "This has probably been our best year yet. Colin and his team have done an outstanding job sticking to our core principles of aiming to be a great place to work for our employees and striving to be a consistently great company to do business with for our customers. I am delighted with the results delivered by the entire Softcat team."
Brown added: "To deliver these kind of results in a flat market, entirely organically, is quite something. This gives us great encouragement to invest further in the business to continue the journey onwards and upwards."