Bytes slumps after signalling slower profit growth
Shares fall to lowest since May as four-month earnings statements point to less than 10% increase for full year
11 July 2024 - 11:01
UPDATED 11 July 2024 - 16:02
Bytes Technology shares plunged to their lowest level since early May on Thursday after the UK group signalled slower profit growth for the first four months of its current financial year.
In a statement released before its AGM on Thursday, the UK-based software, security, cloud and AI services specialist said it had continued to trade well against the backdrop of a competitive market environment, with good growth across its key financial performance metrics for the period...
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