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Softcat increases its 2018 dividend by 20.9% (including specials)

Investment Tools Ltd.
Softcat increases its 2018 dividend by 20.9% (including specials)

Softcat 2018 final results

Revenue up 29.9% to £1,081.7m (2017: £832.5m)

Gross profit up 28.5% to £175.2m (2017: £136.3m)

Operating profit growth of 35.6% to £68.0m (2017: £50.2m)

Adjusted operating profit up 36.9% to £70.5m (2017: £51.5m)

Cash conversion of 97.7% (2017:  97.2%)

Net cash position at year end of £72.8m, after payment of £45.3m dividends during 2018

Customer numbers up 4.7% to 11.9k (2017:  11.4k)

Gross profit per customer growth of 22.8% to £14.7k (2017:  £12.0k).

Average headcount up 10%, reflecting further investment across all areas of the business, especially in our services and technical capability

Total dividend relating to 2018 up 20.9% to 27.2p (2017: 22.5p)

Companies mentioned

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