Bytes Technology Group Plc (GB:BYIT) has released an update.
Bytes Technology Group Plc, a leading UK-based IT services specialist, reported significant growth with a double-digit increase in gross invoiced income and adjusted operating profit of approximately 13.5% each for the first half of fiscal year 2025. The company’s net cash position was strong at £71.5 million, despite dividend payments, and anticipates continued robust cash conversion for the remainder of the year. CEO Sam Mudd expressed confidence in the company’s growth strategy, especially in areas like cloud computing, cyber security, and AI.
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