Stock Analysis

Bytes Technology Group Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

June 09, 2024

Bytes Technology Group (LON:BYIT) Full Year 2024 Results

Key Financial Results

Revenue: UK£207.0m (up 12% from FY 2023).
Net income: UK£46.9m (up 16% from FY 2023).
Profit margin: 23% (in line with FY 2023).
EPS: UK£0.20 (up from UK£0.17 in FY 2023).

revenue-and-expenses-breakdown — LSE:BYIT Revenue and Expenses Breakdown June 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bytes Technology Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

The primary driver behind last 12 months revenue was the United Kingdom segment contributing a total revenue of UK£199.9m (97% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£89.1m (90% of total expenses). Explore how BYIT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom.

Performance of the British Software industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Bytes Technology Group, and understanding it should be part of your investment process.

Valuation is complex, but we're helping make it simple.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.