Softcat performs 'well' in Q1

IT infrastructure firm Softcat said on Tuesday that it had "performed well" during the three months ended 31 October, with demand remaining "strong" and customer behaviour across all segments unchanged from trends seen in the previous year.

The FTSE 250-listed group stated it was "pleased" with its progress in the year-to-date, which was in line with internal expectations and guidance set at the time of its full-year results.

Chief executive Graeme Watt said: "The team has again delivered strong results during the first three months of the new financial year across all customer segments and areas of technology.

"While the wider economic environment remains uncertain, we continue to see robust demand which highlights the critical role that IT infrastructure plays in modern organisations, whether public or private."

As of 0910 GMT, Softcat shares were up 0.24% at 1,279.0p.

Reporting by Iain Gilbert at Sharecast.com