26 July 2022

Bytes Technology Group plc

("BTG" or "the Company")

AGM Statement

Ahead of the Company's Annual General Meeting being held later today, the Board issues the following brief update on trading.

BTG, one of the UK's leading software, security and cloud services specialists, is pleased to report that it has made a positive start to the current financial year. The Company has performed well across its key financial performance metrics, with growth in Gross Invoiced Income, Gross Profit and Adjusted Operating Profit all comfortably in double digits for the first four months of the financial year. 

Neil Murphy, Chief Executive Officer, said:

"We've made a strong start to the financial year, with continued growth from both the corporate and public sectors. Whilst the macroeconomic backdrop remains uncertain, customer demand has remained robust and we continue to be well positioned to deliver on the significant opportunities in front of us."

-Ends-

Enquiries:

Bytes Technology Group plc

Neil Murphy, Chief Executive Officer

Andrew Holden, Chief Financial Officer

Tel: +44 (0)1372 418 500

Headland Consultancy
Stephen Malthouse
Henry Wallers
Jack Gault

Tel: +44 (0) 20 3805 4822
Email: bytes@headlandconsultancy.com 

About Bytes Technology Group plc:

BTG is one of the UK's leading providers of IT software offerings and solutions, with a focus on cloud and security products. The Company enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. It aims to deliver the latest technology to a diverse and embedded non-consumer customer base and has a long track record of delivering strong financial performance.

The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.