No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - IT infrastructure provider Softcat said on Tuesday that it traded well during the first quarter, delivering "strong" double-digit year-on-year growth in gross profit and underlying operating profit.
The group said growth remains broad-based across technology areas and customer segments.
"The board is pleased with progress to date, which is consistent with the outlook provided in our full year results announcement," it said.
Chief executive Graham Charlton said: "I'm pleased to report further encouraging progress for Softcat in the period, with continued good demand from customers across the wide range of our technology proposition.
"We operate in a large and growing market and continue to gain market share, reflecting our special culture, differentiated offering and deep customer relationships. The sustained investment behind our strategic priorities strengthens our ability to address the increasingly complex needs of customers and deliver on the significant growth opportunities ahead."
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.