Added to YB: 2026-09-22
Pitch date: 2026-09-18
BYIT.L [bullish]
Bytes Technology Group plc
-0.87%
current return
Author Info
No bio for this author
Company Info
Bytes Technology Group plc offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.
Market Cap
GBP 1.1B
Pitch Price
GBP 4.59
Price Target
N/A
Dividend
2.23%
EV/EBITDA
14.78
P/E
22.03
EV/Sales
4.38
Sector
Software
Category
growth
Bytes PLC (LON: BYIT)- Half Year Trading Update
BYIT.L (earnings): Bytes’ recovery accelerated in the six months to 31 August, with gross profit — the best gauge of its agent-accounting reseller model — up about 18% and operating profit up about 6%. FY27 guidance rose from high-single-digit to low-double-digit gross-profit growth and broadly flat operating profit to low-to-mid-teens and low-to-mid-single-digit growth, respectively. Slower operating-profit growth reflects planned technology and bonus costs; Microsoft dependence leaves AI-led upside tied to the same vendor risk.
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