AGM Statement
Bytes Technology Group plc announced at its Annual General Meeting that the first four months of the financial year have seen strong trading performance with double-digit year-on-year growth in gross invoiced income and gross profit across both private and public sectors, while operating profit remained broadly flat year-on-year. The company expressed satisfaction with this progress, which aligns with previous outlooks, and confidence in achieving strategic goals due to its market position, vendor partnerships, customer relationships, and employee investment.
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Bytes Technology Group plc, one of the UK and Ireland's leading software, security, AI and cloud services specialists, is holding its Annual General Meeting at 14:00 (BST) today. Ahead of the meeting, the Board issues the following business update.
The Group traded well during the first four months of the financial year, delivering double-digit year-on-year growth in gross invoiced income and gross profit across both the private and public sectors, and operating profit broadly flat year-on-year. The Board is pleased with progress to date, which is consistent with the outlook provided in our full-year results announcement.
Sam Mudd, Chief Executive Officer, 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."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.