Stock Market News
Softcat sees full year ahead of expectations
IT infrastructure products provider Softcat said on Wednesday that it expects to deliver full-year results ahead of expectations after a solid third quarter.
In a brief update for the quarter to 30 April, the group said it has continued to trade well across all segments, maintaining momentum from the first half and reflecting further successful execution of its strategy, with market conditions and customer demand both remaining strong.
Chief executive officer Graeme Watt said: "We continue to hit our goals across the business. We've achieved this through our high energy focus on winning new customers and selling more of our technology and services portfolio to existing customers.
"This simple strategy is serving us well and we still have considerable market share opportunity.
"As I get to know the company my immediate priorities are spending time with our people and customers. I'd like to thank the Softcat team for such a warm welcome and our customers and suppliers for their continuing support."
At 0950 BST, the shares were up 8% to 713.08p.
In a brief update for the quarter to 30 April, the group said it has continued to trade well across all segments, maintaining momentum from the first half and reflecting further successful execution of its strategy, with market conditions and customer demand both remaining strong.
Chief executive officer Graeme Watt said: "We continue to hit our goals across the business. We've achieved this through our high energy focus on winning new customers and selling more of our technology and services portfolio to existing customers.
"This simple strategy is serving us well and we still have considerable market share opportunity.
"As I get to know the company my immediate priorities are spending time with our people and customers. I'd like to thank the Softcat team for such a warm welcome and our customers and suppliers for their continuing support."
At 0950 BST, the shares were up 8% to 713.08p.
Related share prices |
---|
Softcat (SCT) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price