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Bytes Technology report profits of £66m

28 October 2022
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Surrey software, security and cloud services specialist, Bytes Technology, has reported growth across all areas of the company in H1 of FY23.

The company revealed invoiced income rose 23.2% to £786.2m, resulting in a rise in gross profit of 23.8% or £65.5m and revenue rose 27.9% to £93.5m.

Dividend payments rose as a result by .4p from 2p in FY22 to 2.4p in FY23.

In a statement the Leatherhead based company confirmed: "double-digit growth across key financial metrics

"We have already made a good start in this second half, although we remain mindful of the domestic and global macroeconomic pressures.

"Our successful strategy of acquiring new customers and then growing our share of wallet, building on our strong vendor relationships and the technical and commercial skills of our people, makes us confident that the group is well positioned for the remainder of the financial year."

Read more - How UBS supports the Thames Valley and Solent corporate finance communities

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Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.

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