Bytes Technology Group says its top line “comfortably” topped £2bn in a financial 2025 period that saw it generate double-digit growth in all its key metrics.
In a trading update this morning, the LSE-listed software licensing giant claimed it delivered a “strong” performance in the 12 months to 28 February 2025.
It stressed that the period included two full months of trading under Microsoft’s new incentive regime, which saw the software licensing giant slash incentives for LSPs in January (as covered here, here and here).
BTG’s key financial metrics of gross invoiced income (GII), gross profit and operating profit were all up double-digit, it stressed.
By our calculations, BTG needed to grow GII only marginally (ie by less than 4%) in its second half to break the magic £2bn marker. It did so “comfortably”.
Achieving that figure for the year puts it in an elite group of UK-based peers alongside Softcat and Computacenter.
The former reports its interim 2025 results tomorrow, while the latter this morning unveiled full-year 2024 GII of just under £10bn (some £2.2bn of which was generated in the UK).
“These results demonstrate the positive trajectory of our business which benefits from an ever-evolving industry,” BTG CEO Sam Mudd said.
“Our unwavering focus on great customer service drives expansion in our customer base and an increasing share of wallet from our existing customers. BTG remains at the forefront of IT delivery, and we are highly engaged in areas such as AI adoption, cloud services and cybersecurity, which continue to be strong industry drivers.
“Our strategy is underpinned by our strong vendor relationships and the commercial acumen and dedication of our people, which means we are primed to capture the significant growth opportunities ahead and drive continued success.”
