Bytes (BYI) FY24 – Results Snapshot

Diluted HEPS increased by 15.8% y-y to 18.85 pps (pence per share).
Gross invoiced income increased by 26.7% y-y to £1 823m driven by 27.9% y-y growth in Software sales.
Revenue improved by 12.3% y-y to £207m.
GPM increased by 10bps to 70.4%.
OPM declined from 27.6% to 27.4%.
Expenses increased by 13.2% y-y to £89m. Expenses to revenue rose from 42.7% to 43.0%.
Dividend of 8.7pps.
Cash from operating activities increased by 49.4% y-y to £57m.