Softcat 2018 interim results
Highlights for the six months to 31 January 2018
Gross profit up 22.2% to £74.8m (H1 2017: £61.3m)
Operating profit up 15.4% to £24.1m (H1 2017: £20.9m)
Adjusted operating profit up 19.1% to £25.4m (H1 2017: £21.4m)
Customer numbers up 6.0% (H1 2017: 8.7%).
Gross profit per customer up 15.3% (H1 2017: 4.6%) reflecting deeper penetration into customer requirements and cross-selling a wider product range to each
Consistent growth across the period with all business lines and offices performing well
Customer demand has remained robust with particular appetite for security, data storage and compute solutions
South coast office opened in October, expansion of Manchester premises, plans to open a presence in Dublin within 12 months
The company remains debt free with a cash balance of £43.3m
Interim dividend of 3.3p per share to be paid on 11 May 2018, the shares will trade ex-dividend on 29 March 2018.
