Published: October 14, 2025 at 7:56 am
Bytes Technology Group plc has reported its half-year results following the trials and tribulations of the past 18 months.
The software, security, AI and cloud services specialist, based in Surrey, saw its shares lose a third of their value in one day in early July after it issued a profit warning.
Beginning that day, 2nd July, at around 508p, by its end its share price stood at 353p: it has recovered to 412p following the recent announcement of a £25m share repurchase programme.
For the six months ended 31st August 2025, Bytes revealed a 2.5% rise in revenue to £108.1m. Gross profit increased slightly to £82.4m but operating profit dropped 7% to £33.1m.
The firm endured a scandal last year involving former CEO Neil Murphy after he was accused of unauthorised trading in the company’s shares.