12th Jul 2023 07:38
Bytes Technology Group PLC - Surrey, England-based computer software - Says it continues to trade "strongly", and sees "resilient" demand and "pleasing" win-rates across both the corporate and public sectors. In a statement ahead of the annual general meeting on Wednesday, the company says it has performed well, with percentage growth in gross profit and adjusted operating profit comfortably in double digits for the first four months that ended June 30. Percentage growth in gross invoiced income significantly exceeded the increase in gross profit as a result of a number of high volume, lower gross margin software wins in the period.
"Whilst we remain mindful of macroeconomic headwinds, these have not had a noticeable impact on our trading performance to date, and we are confident that our leading vendor partnerships and first-rate client service leave us well positioned to make further progress this year," says Chief Executive Neil Murphy.
Stock price close in London: 506.00 pence
12-month change: up 22%
Stock price close in Johannesburg: ZAR121.06
12-month change: up 49%
By Artwell Dlamini, Alliance News reporter
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