Softcat profits to beat expectations this year

Reseller set to release full-year results on 23 October

Softcat's profits will beat expectations after a strong finish to the year, the reseller has said in a trading update.

Softcat will finish its financial year at the end of this month and said that "the company has continued to trade well during its fourth and typically largest financial quarter".

The reseller published a positive update in May, in which it said that full-year numbers will beat expectations.

Its market valuation hit a record high at this point.

Softcat is set to publish its full-year results on 23 October.

Speaking to CRN last month, CEO Graeme Watt said the reseller will break through the £2bn revenue barrier "in the not too distant future".

Its last financial year saw it cross the £1bn threshold for the first time.

Softcat's share price rose by more than 60 per cent in the first half of this year.