8 Bytes Software Services

Doug Woodburn
clock • 1 min read

Key points

Revenue: £465.9m (+35%)

Net profit: 3.9%  Staff: 320

Taking a leaf out of rivals Softcat's and SoftwareONE's book, software licensing giant Bytes Technology Group confirmed in November that it is gearing up to float on the London Stock Exchange following a period of blistering growth.

Its senior brand, Bytes Software Services, enjoyed a barnstorming year to 29 February 2020, with revenues hiking 35 per cent to top £465m on the back of surging cloud-based licensing and security sales. Although a bumper NHS Windows 10 roll out dented gross margins, net profits virtually doubled to £18.2m. Adding in the contribution of Phoenix Software and Bytes Security Partnerships, Bytes Technology Group is a £740m-revenue monster. It claims it has continued to grow rapidly this year.

A planned, mid-December IPO would see Bytes Technology Group demerge from South African parent Altron.

Key points

Revenue: £465.9m (+35%)

Net profit: 3.9%  Staff: 320

More on Services and Outsourcing

'We've been pushing for partners to do more services' - Forcepoint's EMEA SVP on recent programme changes

'We've been pushing for partners to do more services' - Forcepoint's EMEA SVP on recent programme changes

Myles Bray speaks to CRN about the introduction of a titanium tier to its partner programme and why partners should focus on services

clock 29 November 2021 • 2 min read
monday.com opens London office as new Europe HQ

monday.com opens London office as new Europe HQ

The business says it plans to grow its number of UK channel partnerships next year by 70 per cent

clock 24 November 2021 • 1 min read
What we learned from Dell and HP's latest financial results

What we learned from Dell and HP's latest financial results

Dell reports 'best third quarter in history' as HP reveals full year gains

clock 24 November 2021 • 4 min read

Highlights

'We've been pushing for partners to do more services' - Forcepoint's EMEA SVP on recent programme changes

'We've been pushing for partners to do more services' - Forcepoint's EMEA SVP on recent programme changes

Myles Bray speaks to CRN about the introduction of a titanium tier to its partner programme and why partners should focus on services

clock 29 November 2021 • 2 min read
Bamboo reaches 'key milestone' with TechTeam acquisition

Bamboo reaches 'key milestone' with TechTeam acquisition

Acquisition of Worcestershire-based MSP will expand Bamboo's 'expertise, customer base and regional MSP footprint'

clock 29 November 2021 • 2 min read
CRN A-Listers reveal which tech figurehead impressed them the most this year

CRN A-Listers reveal which tech figurehead impressed them the most this year

Which industry icons were the most favourably looked upon by the UK’s channel elite in 2021?

Josh Budd
clock 26 November 2021 • 2 min read