Bytes Technology reports strong first half trading performance
Bytes Technology Group, a Surrey-based computer software reseller, has said its strong trade performance continued during the six months ended 31 August.
Demand from both the public and private sectors has led the company to strong performance in its key financial performance metrics with year-on-year growth in gross invoiced income and gross profit up more than 20 per cent.
The firm said it expects to report an around £35 million cash balance at the end of H1 when it publishes its reports, which are expected on 26 October. This is after accounting for tax and £25m of dividends.
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Chief executive Neil Murphy said: "We've made a very positive start to the year, extending our track record of double-digit growth we have delivered since our IPO in 2020.
“Despite the difficult economic conditions, corporate and public sector organisations continue to invest in their IT systems.
"We are well placed to capture these growth opportunities thanks to our strong partnerships with many of the world's leading software companies and high levels of customer service."
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