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(Sharecast News) - Shares in Softcat rose on Thursday after the IT infrastructure group reiterated its outlook following a "strong start" to the year.
Softcat said gross profits and underlying profits have grown by double-digit percentages over the three months to 31 October, with growth "broad-based across technology areas and customer segments".
The firm said it was making "good progress" towards completing the $1.05bn acquisition of US-based IT solutions provider GDT, which was first announced in September.
"We have made a strong start to the year, building on our FY2026 performance, with continued good customer demand and positive momentum across our broad technology proposition," said Softcat boss Graham Charlton.
"We are focused on our strategic priorities and remain well positioned to deliver sustainable growth and further market share gains in a large and growing market."
Softcat shares were up 2.9% at 1,677p by 1240 GMT.
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