British IT infrastructure and services provider Softcat Plc (SCT.L) on Thursday said in its trading update for the year ended July 31 that it expects annual gross profit to grow in the high teens and operating profit in the mid-teens.
On the LSE, the stock is up 4.58 percent on Thursday's trading at 1,636.67 pence.
The company said that for fiscal 2026, excluding the one-off boost from large projects in fiscal 2025, it anticipates low double-digit gross profit growth and high single-digit operating profit growth. On a reported basis, this equals to high single-digit gross profit growth and low single-digit operating profit growth, Softcat added.
Cash conversion is expected toward the top of the 85 percent to 95 percent guidance range, the company added.
According to Softcat, its performance in the fourth quarter improved, helped by the conversion of larger solutions projects. The company will publish its preliminary fiscal 2025 results on October 22.
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