Softcat (GB:SCT) has released an update.
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Softcat plc reported strong financial results for the year ending July 2024, showcasing a 9.3% increase in operating profit and significant growth in gross invoiced income. The company’s strategic investments and expansion in technology services have enhanced its market position, enabling a rise in dividends and a robust cash conversion rate of 95.9%. Despite challenging economic conditions, Softcat remains optimistic about future growth, driven by ongoing technological advancements and market opportunities.
For further insights into GB:SCT stock, check out TipRanks’ Stock Analysis page.
