Bytes Technology Group (LON:BYIT) Full Year 2024 Results
Key Financial Results
Revenue: UK£207.0m (up 12% from FY 2023).
Net income: UK£46.9m (up 16% from FY 2023).
Profit margin: 23% (in line with FY 2023).
EPS: UK£0.20 (up from UK£0.17 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bytes Technology Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the United Kingdom segment contributing a total revenue of UK£199.9m (97% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£89.1m (90% of total expenses). Explore how BYIT’s revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom.
Performance of the British Software industry.
The company’s shares are up 14% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Bytes Technology Group that we have uncovered.
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