Softcat records 30% year-on-year growth


Softcat records 30% year-on-year growth

Steve Bell

IT infrastructure provider Softcat has notched up revenues of £395.8m for its financial year ending 31 July 2013, representing a 30% year-on-year increase.

Turnover was up by 172% from £145.8m to £395.8m and operating profit more than doubled in the same period, representing 40% CAGR for both turnover and operating profit. Gross profit grew 25% year-on-year.

The figures come against an industry backdrop that shows single digit growth figures for the same period.

The company says its growth has largely been achieved by maintaining and growing its existing accounts, developing its offerings and by winning new accounts. It claimed 1,750 new customers.

Double-digit growth was achieved in all core business areas, it said, with strong growth in the datacentre infrastructure and managed services. 

The company also took on over two hundred new employees, the majority of which joined on its graduate intake programme. 

Martin Hellawell, executive chairman, Softcat, said: “We are pleased with another set of stellar top and bottom line results showing strong organic growth in a challenging market.

"Our formula remains very much the same: employ lots of great people with the right attitude, strive to be a great place to work for our employees and provide world-class customer service.”

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