Article
Software & SaaS Cloud Bytes Technology

Bytes Technology Group starts new financial year with growth

The UK and Ireland IT software and cloud services provider says gross invoiced income and gross profit are both rising strongly, with the board describing progress as consistent with its full-year outlook.

by tickstock newsroom
man on a smartphone — Credit: Photo by Gilles Lambert on Unsplash c Photo by Gilles Lambert on Unsplash

Bytes Technology Group (LSE:BYIT) reported double-digit year-on-year growth in both gross invoiced income and gross profit during the first four months of its current financial year, with operating profit running broadly flat against the same period a year earlier.

The UK and Ireland software, security, AI and cloud services specialist said growth was achieved across both private and public sector customers, with no divisional lag flagged.

The board described the performance as consistent with the outlook it provided at the full-year results announcement, characterising this as a reiteration of prior guidance rather than an upgrade.

The trading update was issued ahead of the company's Annual General Meeting, being held today.

by tickstock newsroom