Softcat highlights continued strong trading amid demand from public sector

Softcat PLC (LON:SCT) said trading has “continued to be positive” following a first quarter statement in mid-November amid what it said is ongoing strong demand from the public sector.

In an update ahead of its interim results for the six months to January 31, 2021, the FTSE 250-listed IT group also said that the corporate picture has “continued to improve but is somewhat mixed” with some of its customers pursuing large projects while others were being more cautious.

READ: Softcat says revenue, profits higher in first quarter

The company added that it has continued to invest in its multinational and technical capabilities in 2020 despite the challenges of the coronavirus (COVID-19) pandemic, which it said has enabled it to “play an important role” in large projects for its corporate and public sector customers.

Looking ahead, Softcat said the second half of its financial year “remains difficult to forecast”, but it is “significantly ahead” of where it expected itself to be following its seasonally important December trading period.