Bytes Technology Group (BYIT)

Sector:

IT Services

Index:

FTSE 250

447.20p
   
  • Change Today:
    -0.40p
  • 52 Week High: 657.00
  • 52 Week Low: 429.00
  • Currency: UK Pounds
  • Shares Issued: 240.94m
  • Volume: 5,061
  • Market Cap: £1,077.47m
  • Beta: 0.72

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 447.20p
Change Today -0.40p
% Change -0.09 %
52 Week High 657.00
52 Week Low 429.00
Volume 5,061
Shares Issued 240.94m
Market Cap £1,077.47m
Beta 0.72

BYIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.98% below the market average86.98% below the market average86.98% below the market average86.98% below the market average86.98% below the market average
72.5% below the sector average72.5% below the sector average72.5% below the sector average72.5% below the sector average72.5% below the sector average
Price Trend
23.98% below the market average23.98% below the market average23.98% below the market average23.98% below the market average23.98% below the market average
17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average17.24% below the sector average
Income
8.80% above the market average8.80% above the market average8.80% above the market average8.80% above the market average8.80% above the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average
Growth
32.52% above the market average32.52% above the market average32.52% above the market average32.52% above the market average32.52% above the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average

BYIT Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Nov-24 18-Jul-24
Paid 22-Nov-24 02-Aug-24
Amount 3.10p 6.00p

Trades for 22-Nov-2024

Time Volume / Share Price
08:48 280 @ 447.91p
08:48 3 @ 447.20p
08:39 193 @ 447.80p
08:39 27 @ 447.80p
08:39 49 @ 447.80p

BYIT Key Personnel

Chair Patrick De Smedt
CFO Andrew Holden
CEO Sam Mudd

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