Softcat sees FY operating profit 'materially' ahead of previous expectations

Softcat said on Tuesday that it expects 2018 adjusted operating profit to be "materially ahead" of its previous expectations thanks to favourable market conditions.

In a very brief trading update, the FTSE 250 provider of IT infrastructure products and services said it has continued to perform "exceptionally well" following its third-quarter statement in May.

"Market conditions have been very favourable and growth against prior year has accelerated," it said, hence the upgraded full-year expectations.

The company's preliminary results are due to be released on 17 October.