Softcat Annual Profit Climbs

Softcat Plc (SCT.L), a provider of IT infrastructure products and services, on Tuesday reported a rise in its pre-tax profit for the full year 2021, particularly driven by a rise in revenue from its hardware segment and positive market cues.

The Marlow-headquartered company posted a pre-tax profit of 118.96 million pounds for the fiscal year ended in July, compared to 93.61 million pounds, recorded for the last fiscal.

The company's earnings per share increased to 48.2 pence, from 38.0 pence per share, recorded for the year ended on July 31, 2020.

It also generated an operating profit of 119.41 million pounds for the 12-month period, compared to 93.73 million pounds of last year.

The UK firm is expected to pay a final dividend dividend of 14.4 pence per share, on December 20, to shareholders of record on November 12.

The company has also proposed a special dividend payment of 20.5
pence per share. It will be paid on December 20 alongside the final ordinary dividend, Softcat said in a statement.

Owing to a firm demand for IT products and services, the British firm generated a revenue of 1.15 billion pounds for the fiscal 2021, against 1.07 billion pounds, reported, last fiscal.

The revenue from the hardware segment of the company rose by 25.8 percent to 556.5 million pounds for the 52-week period ended in July 2021.

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