Bytes Tech Share News (BYIT)

Bytes Tech Information

Share Price Information for Bytes Tech (BYIT)

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375.00 -7.00 (-1.83%)

Bid:

373.40

Ask:

373.60

Spread: 0.20 (0.054%)

Market Cap: £882.48m

Last checked at -

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IN BRIEF: Bytes Technology posts strong performance in first half

Wed, 21st Sep 2022 08:36

Bytes Technology Group PLC - Surrey, England-based computer software - Says it continued to trade strongly during the six months ended August 31, reflecting robust demand from both the corporate and public sectors. During this interim period, it performed well across its key financial performance metrics, with year-on-year growth in gross invoiced income and gross profit up more than 20%. Adjusted operating profit growth is comfortably in the high-teens.

"We've made a very positive start to the year, extending our track record of double-digit growth we have delivered since our IPO in 2020. Despite the difficult economic conditions, corporate and public sector organisations continue to invest in their IT systems. We are well placed to capture these growth opportunities thanks to our strong partnerships with many of the world’s leading software companies and high levels of customer service," says Chief Executive Neil Murphy.

Expects to release its half year financial results on October 26.

London stock price: 419.98 pence

12-month change: down 21%

Johannesburg stock price: ZAR85.00

12-month change: down 21%

By Artwell Dlamini; artwelldlamini@alliancenews.com