Published: March 18, 2026 at 1:31 pm
Softcat’s share price climbed more than 9 per cent following a positive half-year update from the IT infrastructure specialist.
Graham Charlton, CEO of the FTSE 250-listed company, described the results for the six months to January 31st, 2026, as ‘terrific’.
Highlights included a 33 per cent increase in gross invoiced income to £2,008.6m and a 22 per cent rise in gross profit to £269.9m.
Softcat’s underlying operating profit growth in the first six months of the financial year was ahead of the board’s expectations, resulting in a spike in its share price by more than 8 per cent to 1,256p.
Expectations are now for high single-digit growth in underlying operating profit in FY2026, up from low single-digit previously.
Softcat has benefited from its investment in AI and its acquisition of Oakland Group Services.
Softcat’s CEO Graham Charlton said: “Softcat delivered terrific progress in the first half, with growth in gross profit and underlying operating profit well ahead of expectations alongside excellent cash generation.
“This reflects the benefits of ongoing investment in our offering over the past few years, as well as sharp execution during the current period, and the benefits we are seeing on customer demand for AI-enabled infrastructure and our own operational transformation.”