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UK's Softcat raises 2025 profit forecast on growing AI demand

Published by Global Banking & Finance Review

Posted on March 19, 2025

1 min read

· Last updated: March 19, 2025

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Softcat Increases 2025 Profit Forecast on AI Demand Growth

(Reuters) - IT services provider Softcat said on Wednesday it expects operating profit growth for 2025 to be in the low double-digit percentage range, up from its prior high single-digit growth expectation, supported by growing demand for AI and automation.

(Reporting by Raechel Thankam Job; Editing by Savio D'Souza)

Key Takeaways

  • Softcat raises 2025 profit forecast.
  • AI and automation drive growth.
  • Operating profit expected in low double digits.
  • Previous forecast was high single-digit growth.
  • Announcement made by IT services provider Softcat.

Frequently Asked Questions

What is the main topic?
The main topic is Softcat's increased 2025 profit forecast due to rising demand for AI and automation.
Why did Softcat raise its profit forecast?
Softcat raised its profit forecast due to growing demand for AI and automation technologies.
What was Softcat's previous profit growth expectation?
Softcat previously expected high single-digit growth for 2025.

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