Bytes Technology /£BYIT
1D1W1MYTD1Y5YMAX
Capital at risk
About Bytes Technology
Bytes Technology Group PLC is a company that provides a comprehensive range of information technology services. Operating in the IT sector, their offerings include security, storage and virtualization, licensing, digital transformation, software asset management, cloud management, and cyber consulting services. The company, which serves a global customer base, was founded and continues to specialize in solutions that facilitate effective digital operations and security for various businesses.
- Ticker
- £BYIT
- Sector
- Software & Cloud Services
- Primary listing
- LSE
- Employees
- 1,331
- Headquarters
- Leatherhead, United Kingdom
- Website
- www.bytes.co.uk
BYIT Metrics
BasicAdvanced
£1B
21.42
£0.21
0.68
£0.10
2.30%
Price and volume
Market cap
£1B
Beta
0.68
52-week high
£4.73
52-week low
£2.49
Average daily volume
851K
Dividend rate
£0.10
Financial strength
Current ratio
1.054
Quick ratio
1.046
Long term debt to equity
0.014
Total debt to equity
0.024
Dividend payout ratio (TTM)
47.48%
Interest coverage (TTM)
196.65%
Profitability
EBITDA (TTM)
64.788
Gross margin (TTM)
75.86%
Net profit margin (TTM)
23.25%
Operating margin (TTM)
28.44%
Effective tax rate (TTM)
26.56%
Revenue per employee (TTM)
£170,000
Management effectiveness
Return on assets (TTM)
8.44%
Return on equity (TTM)
57.25%
Valuation
Price to earnings (TTM)
21.418
Price to revenue (TTM)
4.826
Price to book
12.97
Price to tangible book (TTM)
30.42
Price to free cash flow (TTM)
19.307
Free cash flow yield (TTM)
5.18%
Free cash flow per share (TTM)
0.23
Dividend yield (TTM)
2.30%
Growth
Revenue change (TTM)
1.58%
Earnings per share change (TTM)
-5.51%
3-year revenue growth (CAGR)
6.15%
3-year earnings per share growth (CAGR)
8.41%
3-year dividend per share growth (CAGR)
10.79%
What the Analysts think about BYIT
Analyst ratings (Buy, Hold, Sell) for Bytes Technology stock.
Analyst projections of the future price of Bytes Technology stock.
Bulls say / Bears say
Trading has accelerated: first-half gross invoiced income rose about 19%, gross profit about 18% and operating profit about 6%. Bytes consequently upgraded FY27 guidance to low-to-mid teens gross-profit growth and low-to-mid single-digit operating-profit growth. (The Proactive Investors, TipRanks)
The business is moving beyond simple licence resale. Services gross profit grew 38% in FY26, while Microsoft gross-profit growth returned to double digits in the second half, supporting the case that cloud, security, adoption and managed services can widen Bytes’ role with customers. (Investegate)
Bytes remains financially resilient and shareholder-friendly. It ended the latest half with about £68m of net cash after returning £41.3m through dividends and buybacks, while FY26 cash conversion was 105.1%. (The Proactive Investors, Investegate)
Microsoft remains a major earnings dependency, and its incentive changes have already reduced Bytes’ gross-profit margin from 7.8% to 7.1%. UBS also expects further cuts to selected Microsoft reseller incentives, with the potential impact becoming more pronounced from FY28. (Investegate, The Proactive Investors)
Profit conversion is still under pressure. In the latest half, operating-profit growth of about 6% lagged gross-profit growth of about 18% because strategic technology spending and normalised bonuses are absorbing much of the improvement. (The Proactive Investors, TipRanks)
Bytes may capture less of the most valuable AI spending than larger infrastructure-led peers. JP Morgan initiated coverage at Underweight, citing limited tangible AI exposure, hardware contributing less than 10% of gross profit, and the risk that vendors or AI-native companies bypass resellers. (The Proactive Investors)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
BYIT Financial Performance
Revenues and expenses
BYIT Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing BYIT
AllGBPEURUSD
Fund name | Fund size | £BYIT weighting |
|---|---|---|
iShares FTSE 250£MIDD | £661M | 0.31% |
Vanguard FTSE 250£VMID | £1.6B | 0.29% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.08% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.08% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.