Bytes Technology Group plc says it has delivered a resilient performance in the first half of the year, trading in line with the expectations it reported in its July AGM statement.

Gross invoiced income for the period is expected to be around £1.33bn, while gross profit is expected to be not less than £82m and operating profit is expected to be not less than £33m.

The firm recently announcing that it is to commence a £25m share repurchase programme in a bid to boost shareholders. 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.

Last year Bytes began investigating the shock resignation of its former CEO Neil Murphy after he was accused of unauthorised trading in the company’s shares. It sent the London-listed stock plummeting; however it would rebound.