Gross invoiced income: £1.81bn (+26%)
Staff: 1,028
Bytes Technology Group’s top line will likely break £2bn in its current fiscal 2025, new CEO Sam Mudd confirmed to IT Channel Oxygen in October as she unveiled her first set of interim numbers.
Mudd was anointed as the public sector-leaning, LSE-listed software licensing giant’s permanent CEO in May, following the abrupt departure of predecessor Neil Murphy (due to undisclosed share trades).
Having seen gross invoiced income rise by more than a quarter to £1.81bn in its year to 28 February 2024, the Leatherhead-based outfit sustained its double-digit growth into its fiscal 2025 (with H1 GII up 14% year on year to £1.23bn).
That was largely thanks to a public sector business that grew GII by a fifth to £862.8m (corporate GII was up 2% to £367.4m).
Though “a little bit more severe than previous years”, recent Microsoft partner incentive changes will have “no material impact on us in this financial year or the next”, Mudd told us. “The overall incentive pot grows – Microsoft has committed to that. It’s very much about driving the activities with partners that get the consumption execution going, and you could attribute that to all of the different cloud areas and priority areas, which are very publicly understood,” she said.
Oxygen ice-breaker
BTG’s annualised Copilot license sales already stand at around £39m, it revealed in October.
