StockMarketWire.com - IT infrastructure group Softcat posted a 15% rise in first-half profit as it boosted customer numbers and cross-sold them more products.
Pre-tax profit grew to £24.15m, while adjusted operating profit jumped by 19% to £25.4m, as revenue increased by 25% to £472.8m.
Customer numbers grew by 6%, though this represented slowing growth from 8.7% in the previous corresponding period.
Gross profit per customer, however, climbed 15.3%, which Softcat said reflected deeper penetration into customer requirements and cross-selling a wider product range.
The company declared an interim dividend of 3.3p, up 14% on-year.
'The second half of the year has started well and the board is confident of meeting its expectations for the full year, but we have some important months ahead and will remain very focussed on continuing to deliver outstanding service for our customers,' chief executive Martin Hellawell said.
Story provided by StockMarketWire.com
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