Bytes Technology posts strong first set of full-year results after IPO
The first dividend will be declared as an interim payment in the current year
Company
LON:BYIT
Bytes is one of the UK's leading providers of IT software offerings and solutions, with a focus on cloud and security products. The Bytes Group 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.
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The first dividend will be declared as an interim payment in the current year
In the first hour of trading, Bytes' share price rose to 325p, valuing the business at around £780mln
Bytes generated more than U$1bn of revenue for the tech giant in 2020