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UK's Softcat falls after flagging slower growth outlook for FY27

By Reuters Newsan hour ago Updated

** Shares of British IT firm Softcat SCTS.L down 3.3% at 1,803 pence
** Co expects to deliver high single-digit underlying operating profit growth in FY2027

** Jefferies analysts say 2027 forecast would be one of the slowest growth performances in the last 10 years

** Analysts say investors are used to SCTS outperforming guidance, and investors will hope for more of the same organically in FY27

** Up to Tuesday's close, the stock had risen 35.8%

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