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Softcat Plc Q4 FY21 Earnings Results

Softcat (LON:SCT) provides Q4 trading update; Highlights for 12 months to July 31, 2021

  • Strong performance in both the first and second halves of the year as Softcat extends record of organic year-on-year growth in gross invoiced income, gross profit and operating profit to 64 consecutive quarters.
  • Cash conversion after capital expenditure remains healthy at 89.9%.
  • Further growth in both the customer base (+2.3%) and average gross profit per customer (+14.6%), demonstrating good progress against both key aims of Softcat strategy.
  • Average headcount up 11%, reflecting ongoing investment across all areas of the business.
  • A final dividend of 14.4p, up 28.6%, and a special dividend of 20.5p.
  • Strong balance sheet position maintained with net cash at year end of £101.7m (2020: £80.1m).
  • Outlook from Softcat: the new financial year has started well and we are confident of the future of our industry and especially Softcat.

Market Information

  • Reported: 10/26/2021
  • Price change at open(1.33%)
  • Ticker: LON: SCT
  • Shares Outstanding: 198.33M
  • Market Cap: $5.28B