Bytes Technology Group’s shares have hit a 2026 high after the LSE-listed Microsoft partner issued a market-busting first-half trading update showing 19% sales growth.
The software licensing specialist’s share price leapt 12% this morning as it also raised its guidance for its full year ending 28 February 2027.
Having generated £1.34bn in gross invoiced income (GII) in the first half of its fiscal 2026, it expects this year’s number (for the six months to 31 August 2026) to be 19% above that.
Operating profit is also set to rise 6%.
On the back of its “strong” H1 showing, BTG now expects full-year gross profit and operating profit growth to hit “mid-teens” and “low to mid single-digits”, respectively.
This is a far cry from 2025, when BTG’s performance was dented by a salesforce rejig and Microsoft’s LSP licensing shake up.
BTG’s first-half bonanza comes after fellow LSE-listed IT providers Computacenter and Softcat posted 59% and 33% growth in their respective fiscal first halves (see here and here).
AI is becoming a “more meaningful driver of growth” for BTG’s core business, CEO Sam Mudd said in this morning’s trading statement.
“We remain confident in the Group’s strategy and the strength of our customer and vendor relationships. As a result, we have upgraded our expectations for FY27,” she added.
BTG’s market value soared to £1.04bn on the back of the news – the highest mark for more than a year.
