Highlights

  • SCT’s FY24 revenue rose by 16.8% YoY to GBP 545.58 million, driven by growth in the hardware and service segments.
  • The company recorded an operating profit of GBP 73.66 million for the period.
  • Softcat’s gross profit is projected to grow at a double-digit pace in FY2025, driven by sustained demand in cybersecurity, data infrastructure, and AI-enabled solutions.

Softcat PLC (LSE: SCT) is a FTSE 250 UK-based IT reseller and infrastructure solutions provider. It serves corporate and public sector clients, helping design, source, implement, and manage digital infrastructure.

In the financial year 2024 (FY24), the company’s revenue increased by 16.8% YoY to GBP 545.58 million, driven by double-digit growth across all major segments, particularly hardware (up 18.9%) and services (up 17.6%). Operating profit rose by 10.4% YoY to GBP 73.66 million, supported by a 12.1% increase in gross profit and seamless operational execution. Profit for the year increased by 12.4% YoY to GBP 57.38 million, driven by an improvement in finance income and higher cash generation.

Recent Business Update

Softcat delivered improved double-digit YoY growth in both gross profit and operating profit, driven by  performance across multiple technology areas and customer segments. The board now expects full-year operating profit growth in the low-teens range, reflecting higher-than-expected contributions from larger deals during the period.

Company Outlook

Softcat’s gross profit is projected to continue growing at a double-digit pace in FY2025, driven by sustained demand in cybersecurity, data infrastructure, and AI-enabled solutions.  Internal digital transformation initiatives, such as the deployment of Microsoft Copilot and Dynamics, are expected to enhance productivity, data-driven insights, and customer experience going forward.

 Top 10 Shareholders

The top 10 shareholders of Softcat collectively form ~58.53% of the total shareholdings. Kelly (Peter David John) holds the maximum number of shares with ~32.50% shareholding, followed by Mawer Investment Management Ltd. with ~4.98% shareholding.

Stock Information

SCT’s stock has witnessed a rise of ~19.77% in the last three months. The stock has a 52-week low and 52-week high of GBX 1,413.23 & GBX 1,858.74, respectively, and is currently trading above the average of 52-week high-low with a closing price of GBX 1787 as of 03 June 2025.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 03 June 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.