Tag: Bytes

Murphy quits over Bytes share dealings

Posted on February 23, 2024 by - News

Bytes Technology boss Neil Murphy has quit after being caught flogging shares on the sly, according to news24.com.

The JSE-listed outfit, which sells software to the public sector, admitted that some of Murphy’s trades were not reported to the market as they should have been, and it was trying to find out what happened.

Murphy, who had been with Bytes since 2019, claimed that his stake in the company was the same as he had declared on 28 November, when he said he owned 2.9 million shares or 0.8 per cent of the total.

Bytes hits a cool billion

Posted on October 26, 2023 by - News

Bytes gross invoiced income (GII) surged 38 per cent, reaching £1.082 billion in the last six months.

The company said this is all down to Bytes winning large public sector Microsoft contracts, leading to public sector GII spiking by 44.4 per cent.

Revenues came in at £108.7 million, representing a growth of 16.3 per cent for H1 FY24.

Bytes Technology Group CEO Neil Murphy said the company’s success was due to our skilled workforce and strong vendor relationships.

Bytes will scale migration offerings on AWS

Posted on February 22, 2023 by - News

Bytes is partnering with Amazon Web Services (AWS) as part of a plan to scale migration and modernisation offerings on the cloudy outfit.

Bytes is an AWS Solution Provider that wants to improve its products for existing and new customers and offer fully managed cloud services on AWS. These will include cloud security, storage, backup and disaster recovery, focusing on cloud cost optimisation.

AWS and Bytes say the partnership is targeted at the SMB market uses AWS’s cloud native data and AI and machine learning solutions for verticals like Retail, Financial Services and Hospitality.

Bytes had a good first half

Posted on September 22, 2022 by - News

Bytes had a good first six months of its financial year.

The reseller says it performed well across its key financial performance metrics in an update on trading thanks to “robust demand” which helped achieve double-digit growth in gross invoiced income.

It secured year-on-year growth in gross invoiced income and gross profit of more than 20 percent, while adjusted operating profit growth was in the high-teens.

Some of the money was due to accelerated adoption by customers of cloud usage or subscription-based products and a consequent increase in debtor days.

Bytes made a strong start

Posted on July 27, 2022 by - News

Despite the world going to hell in a handbag, Bytes Technology Group said it has made a “strong start” to the financial year, with customer demand staying “robust”.

In a statement, the group says it “performed well across its key financial performance metrics”.

The company said it saw growth in gross invoiced income, gross profit and adjusted operating profit.

“All were comfortably in double digits for the first four months of the financial year”, the software reseller said.

Bites does well

Posted on May 25, 2022 by - News

Bytes has seen its gross  income increase by 26 percent for the 12 months ending 28 February 2022 to £1.21 billion.

CEO Neil Murphy (pictured)said that Bytes Revenue surged by 13.8 percent to £447.9 million over the same period.

The company has reported operating profits meanwhile jumped by 57 percent year on year to £42.2 million, while adjusted operating profits, which are based on its underlying operations and ignores one-off costs, soared by 23.6 percent.

Bytes sees profits grow

Posted on November 1, 2021 by - News

Bytes Software Services saw its profits and sales rise due to strong demand for security, cloud adoption and remote working solutions in the first half of the year.

Gross invoiced income rose 26.3 percent year-on-year for the six months ending 31 August 2021 to reach £638.2 million, while revenue, which is adjusted for IFRS and stated after the netting adjustment for cloud and critical security license sales, grew 13.7 percent year-on-year to £251.4 million.

Adjusted operating profit, meanwhile, grew 22 per cent to £25 million and adjusted earnings per share rose 17.9 percent to 8.48.

Bytes shows five percent revenue rise

Posted on May 27, 2021 by - News

Bytes has released its first numbers since its launch onto the stock market in December 2020 and is showing a five percent rise in revenue.

The numbers are the first numbers since its initial public offering (IPO) and indicate a five percent rise in revenues to £393.6 million, compared with £373.1 million a year earlier, and a 33 percent climb in gross invoicing income totalling £958.1 million. This means that adjusted operating profit of £37.5 million represented growth of 18 percent since the IPO.

Bytes indicated in its preliminary statement that the two months since the fiscal year closed have seen momentum continue, with gross profit in line with board expectations. There has been strong activity in the public sector and the firm has kept its customer satisfaction levels up.

Bytes was the king of government IT contracts

Posted on January 14, 2019 by - News

Bytes Software Services was the fifth largest supplier to central government last year but ranked ahead of IT behemoths Capita, DXC Technology, Atos, IBM, and Fujitsu.

Number crunchers from public sector consultant Tussell said that the software reseller won £328 million worth of government contracts making it the largest IT-dedicated supplier to the government last year.

Generally it ranked behind four other organisations: defence contractor QinetiQ (£359 million), outsourcer Mitie (£514 million), infrastructure provider Amey (£641 million) and

Bytes scores huge NHS deal

Posted on May 1, 2018 by - News

CONurse.OriginalUKquadposterBytes has won a huge £150 million deal that will see it roll out Windows 10 to all NHS England PCs.

For those who came in late, last year the NHS was hit by WannaCry which targeted old Windows versions. Now NHS is upgrading to Microsoft’s latest operating system, which the vendor says houses “cutting-edge security features”.

The move is part of the government’s cybersecurity spending initiative which will also see it invest £21 million to upgrade the NHS’ firewall and network infrastructure, and build a security operations centre.

Bytes was already partners with the NHS but will expand its team to handle the new work of rolling out Windows 10 Licences to the whole of NHS England.

Bytes is providing the licences while the technical deployment will be carried out in conjunction with a range of Microsoft certified partners.

The subscription-based contract, worth £30 million a year, will see Bytes more than double the business it transacts with the NHS, which currently sits at £20 million a year.

More than ten other suppliers applied for the contract when it was tendered via Crown Commercial Service.

Last year the company grew by 25 percent, and the new contract will help expand it further.

In a news release announcing the deal, Microsoft talked up the security capabilities of Windows 10, stressing the urgency required to protect the NHS after the “significant” impact of WannaCry.

Microsoft’s UK CEO Cindy Rose said: “The importance of helping to protect the NHS from the growing threat of cyberattacks cannot be overstated.

“The introduction of a centralised Windows 10 agreement will ensure a consistent approach to security that also enables the NHS to modernise its IT infrastructure rapidly.”

Bytes buys Phoenix

Posted on October 2, 2017 by - News

Fawkes_WB_F2_FawkesMeetingHarryPotter_Still_100615_LandBytes has acquired York-based Phoenix Software in a bid to get better UK coverage.

Phoenix, which has an annual turnover in the region of £130 million will give it a large slice of action in the North of England as well as ramping up its own revenues to around the £400 million, which is not to be sneezed at.

Neil Murphy, Group MD, Bytes UK said: “The acquisition comes at an opportune time for Bytes UK as it looks to expand much further into the public sector, from where Phoenix derives a significant percentage of its revenue.

“This now makes Bytes UK Microsoft’s largest UK partner, whilst also opening the door to relationships with other global vendors such as EMC and Dell and deepening relationships with VMWare, Checkpoint, Citrix, Mimecast and Sophos to name a few.”

Phoenix Software managing director Sam Mudd,, said that the combination of the two firms would benefit both its staff and customers.

“This is extremely positive news and our announcement has come at the right time for our company and staff, in terms of navigating the fast-changing world of IT in which we operate and the channel consolidation that is taking place. We see plenty of synergies and are excited about working with new complementary offerings, and taking our joint businesses forward with ambitious growth plans across all our vertical sectors”, he said.