Softcat plc (SCT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, good morning and welcome to the Softcat first half results for FY26. I'm Graham Charlton, Chief Exec at Softcat, and I'm delighted today to be able to take you through an exceptional set of results and period of growth for Softcat. And to help me with that, I'm joined by our CFO, Katie Mecklenburg, who you'll hear from very shortly. But before I hand over, I'll begin with our usual quick reminder of who we are. and the dimensions of our business today. These metrics continue to change quickly as we grow, and this latest period has seen an acceleration in that expansion as we've stretched our lead further as the UK's largest provider of IT infrastructure solutions. We operate across the entirety of the modern infrastructure stack, and as well as having the broadest offering, we've also got by far the largest and most diverse set of customers in the UK. And the growth in that customer base has also accelerated in this latest period. Recurring customer count now stands at nearly 10,500, and it's the combined breadth of our offering and the strength of that customer base that is behind the acceleration in our growth. It's also that combination that provides us with such a huge opportunity in the future, and I'll talk after the financial update from Katie about how we plan to seize upon that and how AI is enhancing it in a few very specific ways. And against that opportunity, we've continued to invest. Those investments have been targeted at our own technology, our people and our workspaces. Headcount is now just shy of 3,000. We've relocated the majority of our offices to prime contemporary city centre locations over the past few years and we're in the process of completing the rest of them. We've grown our teams across all areas again, built leading edge skills an...