Bytes Technology shares jump as emphasises high demand for software

(Alliance News) - Bytes Technology Group PLC on Tuesday said its financial year that ended in ...

Alliance News 18 March, 2025 | 11:07AM
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(Alliance News) - Bytes Technology Group PLC on Tuesday said its financial year that ended in late February was "strong", as it sees itself on a positive trajectory amid strong demand.

The Surrey, England-based computer software company said it delivered double-digit growth in its key financial metrics, gross voiced income, gross profit and operating profit.

"Gross invoiced income comfortably exceeded GBP2 billion for the first time, marking a significant milestone," the company highlighted.

"In FY25, we continued to see high demand for software, AI and IT services from both corporate and public sector clients," it added.

Bytes shares jumped 17% to 486.50 pence each on Tuesday morning in London.

The results include two full months of trading under a recently updated Microsoft Corp incentive plan, which has bee embedded into Bytes's strategic growth plans.

"We are well positioned to unlock the growth opportunities associated with this change, backed by our long track record of successfully adapting to such shifts in our vendor programmes," Bytes said.

Chief Executive Officer Sam Mudd said: "These results demonstrate the positive trajectory of our business which benefits from an ever-evolving industry. Our unwavering focus on great customer service drives expansion in our customer base and an increasing share of wallet from our existing customers. BTG remains at the forefront of IT delivery, and we are highly engaged in areas such as artificial intelligence adoption, cloud services and cybersecurity, which continue to be strong industry drivers.

"Our strategy is underpinned by our strong vendor relationships and the commercial acumen and dedication of our people, which means we are primed to capture the significant growth opportunities ahead and drive continued success."

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Bytes Technology Group PLC Ordinary Shares 414.40 GBX -0.53 -
Microsoft Corp 388.70 USD 0.00

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