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Pin to quick picksBytes Tech Share News (BYIT)

Share Price Information for Bytes Tech (BYIT)

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397.20    -11.20 (-2.74%)
Bid:
399.00
Ask:
399.40
Spread: 0.40 (0.10%)
Market Cap: £926.05m
BYIT Live PriceLast checked at - London Stock Exchange

Intraday Bytes Tech Share Chart

Bytes sees FY earnings up 20%

Wed, 22nd Mar 2023 07:08

(Sharecast News) - Software, security and cloud services specialist Bytes Technology Group said annual gross profit and adjusted operating earnings would be up 20%.

Cash conversion for the year to February 28 returned to higher levels in the second half to end the full year at around 85%, with a cash balance of around £73m, the company said on Wednesday, reflecting strong demand for software and IT Services from both corporate and public sector clients, despite macroeconomic headwinds.

Reporting by Frank Prenesti for Sharecast.com

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