This spring Microsoft will turn 50. From simple starts in Albuquerque, New Mexico, it has actually become one of the biggest business on the planet, credited with changing the computing industry and, with it, our daily lives.
Microsoft innovation initially went on sale over here in the 1980s and, in 1982, Bytes Computer Supplies opened in Surrey, specialising in floppies and other accoutrements from the American group.
Today, Bytes Technology, as it is now known, is a ₤ 1.1 billion company with about 1,200 employees and 6,000 customers.
It drifted on the Stock market in December 2020, a fortnight before Britain's very first Covid Christmas. Shares were priced at ₤ 2.70, market response was enthusiastic and, by January 2024, they were trading at more than ₤ 6.50. The previous year has been less rewarding, and today shares are simply ₤ 4.65. At this level they are undervalued and ought to rebound through 2025 and beyond.
Back in the 1980s, Bytes' variety was small. Early tech geeks utilized Microsoft to write easy documents and develop spreadsheets on their computers, and Bytes offered the set that made it possible.
Since then the computer world has changed beyond acknowledgment, with Microsoft alone using numerous services, from Outlook and Teams to create ware, cloud storage and, lately, Copilot, an expert system tool.
In safe hands: Bytes Technology has sales staff who understand their items within out
Individuals can buy much of these products straight, classifieds.ocala-news.com but businesses tend to go through agents, understood as resellers, who offer lower costs, advice and support when things go awry.
Bytes is the number one Microsoft reseller in the UK, wiki.eqoarevival.com with consumers ranging from the cops, fire service and local authorities to Harvey Nichols, Trainline and Findus food group.
Customers tend to utilize in between 500 and 2,500 staff - large enough to require plenty of IT however not so big that they can arrange everything out themselves. That is where Bytes comes into its own.
Technology has ended up being a vital tool for personal businesses and the general public sector alike, however services have become so complex that even IT teams need specialists to help them exercise what to purchase, when to purchase and how to use what they have purchased.
Bytes personnel are highly trained, frequently starting there as graduates and costs years with the firm.
To an outsider, discussions between these salesmen and their customers can sound like PhD interactions - or gobbledegook. To those in the understand, such thorough settlements are a crucial part of business success.
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Bytes chief executive Sam Mudd prides herself available high-level service to new and existing consumers and, although Microsoft is a major partner, she deals with a series of providers, covering nearly every innovation need, including cyber security.
A veteran staffer, Mudd took the helm last spring after former president Neil Murphy resigned, having bought shares in Bytes without informing the board.
Investors took fright, Bytes stock dropped and, although Murphy was later cleared, the shares have remained depressed.
Mudd is undeterred, having invested recent months drawing up a growth strategy designed to drive sales and revenues over the next 5 years.
Potential is clear. Despite its position, Bytes has simply a 4 percent share of the market so there must be plenty of opportunities to expand.
Despite wobbles on Wall Street, demand for software is rising too, with with forecasters suggesting yearly growth of about 10 percent.
Brokers anticipate Bytes profits to increase 19 percent to ₤ 73 million in the year ending February 28, reaching ₤ 87 million by 2027.
The group has a history of paying ordinary and special dividends too, forking out 8.7 p in ordinaries and 8.7 p in a one-off special last year, and anticipated to deliver 19.6 p for 2025, increasing to 21.5 p next year.
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Midas decision: Recent outcomes from Microsoft and other tech titans might have dissatisfied financiers, but the days when we managed completely well without IT are long gone.
Bytes helps companies, charities and the public sector to browse the digital minefield.
With a strong track record and a reputation for providing on its guarantees, the company should prove resistant, even in today's uncertain times.
That makes the shares a buy, at ₤ 4.65.
Traded on: Main market Ticker: BYIT Contact: bytesplc.com
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MIDAS SHARE TIPS: Bytes Technology Ready to Rebound after A Hard Year
leathakittelso edited this page 2025-03-14 16:09:04 +00:00