Bytes Technology hails solid trading in first four months of the year

(Sharecast News) - Bytes Technology said on Thursday that it traded well in the first four months of the year, delivering double-digit year-on-year growth in gross invoiced income and gross profit across both the private and public sectors. Operating profit was broadly flat year-on-year, the company said in a statement ahead of its annual general meeting.

It said the board was "pleased" with progress to date, which is consistent with the outlook provided at the full-year results.

Chief executive Sam Mud said: "We're pleased with the progress we have made so far this year in executing against our strategy and continuing to expand our market share. We operate in a large and growing market, focusing on software solutions across AI, cloud and cybersecurity.

"We remain confident that our deep vendor partnerships, strong customer relationships, and ongoing investment in our employees position us well to achieve our strategic goals for the year."

Bytes is a software, security, AI and cloud services specialist.

At 0915 BST, the shares were up 2.9% at 405.40p.

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