Bytes Technology Group (BYIT)

Sector:

IT Services

Index:

FTSE 250

404.40p
   
  • Change Today:
    -3.20p
  • 52 Week High: 551.00p
  • 52 Week Low: 320.80p
  • Currency: UK Pounds
  • Shares Issued: 239.28m
  • Volume: 1,285,042
  • Market Cap: £967.65m

Bytes Technology trades well amid 'competitive market environment'

By Iain Gilbert

Date: Thursday 11 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Computer software reseller Bytes Technology Group said on Thursday that it has continued to "trade well" against the backdrop of a "competitive market environment", with good growth across key financial performance metrics for the first four months of the trading year.
The FTSE 250-listed group said percentage growth in both gross invoiced Income and adjusted operating profit was "comfortably in double digits", with gross profit growth in the high single digits as a result of an increased weighting towards high volume, lower margin software wins in the period.

Chief executive Sam Mudd said: "The overall performance of the business was again driven by strong and stable demand from both corporate and public sectors for our market-leading, supported and secure IT systems. We remain confident that our continued strong vendor partnerships and first-rate client service position us well to achieve our strategic goals for the year."

As of 0815 BST, Bytes shares were down 1.72% at 515.00p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BYIT Market Data

Currency UK Pounds
Share Price 404.40p
Change Today -3.20p
% Change -0.79 %
52 Week High 551.00p
52 Week Low 320.80p
Volume 1,285,042
Shares Issued 239.28m
Market Cap £967.65m

BYIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.36% below the market average80.36% below the market average80.36% below the market average80.36% below the market average80.36% below the market average
74.03% below the sector average74.03% below the sector average74.03% below the sector average74.03% below the sector average74.03% below the sector average
Price Trend
54% below the market average54% below the market average54% below the market average54% below the market average54% below the market average
13.58% below the sector average13.58% below the sector average13.58% below the sector average13.58% below the sector average13.58% below the sector average
Income
17.60% above the market average17.60% above the market average17.60% above the market average17.60% above the market average17.60% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Growth
62.60% above the market average62.60% above the market average62.60% above the market average62.60% above the market average62.60% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average

BYIT Dividends

  Latest Previous
  Final Special
Ex-Div 10-Jul-25 10-Jul-25
Paid 25-Jul-25 25-Jul-25
Amount 6.90p 10.00p

Trades for 10-Oct-2025

Time Volume / Share Price
16:11 4 @ 407.80p
16:35 331,831 @ 404.40p
16:35 4,458 @ 404.40p
16:35 967 @ 404.40p
16:35 2,578 @ 404.40p

BYIT Key Personnel

Chair Patrick De Smedt
CFO Andrew Holden
CEO Sam Mudd

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