IN BRIEF: Bytes Technology posts strong performance in first half – Morningstar

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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
Copyright 2022 Alliance News Limited. All Rights Reserved.
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