Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Bytes Technology Group PLC said on Thursday it expects to deliver a ‘resilient’ financial performance in the first half of its financial year.
The Surrey, England-based enterprise software group guides for gross profit of no less than £82 million for the six months that ended August 31, from £82.1 million a year earlier.
Operating profit is expected to be no less than £33 million, compared to £35.6 million, and gross invoiced income is estimated at about £1.33 billion from £1.23 billion.
At at August 31, net cash position was £82 million, after paying £41 million of final and special dividends, and purchasing £1 million shares as part of the £25 million repurchase programme announced in August.
‘We delivered a resilient performance, improving through the period as we successfully settled into our new corporate sales structure, and I am grateful to our teams for their ongoing efforts,’ Bytes Technology Chief Executive Officer Sam Mudd said.
Mudd said the company has a strong pipeline and expects continued momentum into the start of the second half the 2026 financial year.
Bytes Technology plans to release its half year results on October 14.
Copyright 2025 Alliance News Ltd. All Rights Reserved.