Bytes Technology Group plc (BYIT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Bytes Technology Group's half year results presentation, the period ending 31st of August 2024. Andrew and I will talk through slides summarising our performance and then we will open the conference call line for Q&A and we will also receive questions through the webcast chat function. Moving to slide three, I am pleased to report another positive set of results for the group. We have increased our share of wallet amongst our existing customers as they've continued to invest in their IT needs. And we have also expanded our client base in both the public and corporate sectors. I want to take this opportunity to reflect on the trading environment we've experienced since we last reported results in May, which has continued to be challenging and with slightly elevated levels of uncertainty related to the snap general election in the UK. That said, the public sector has remained resilient despite the change of government, while we saw more caution from corporate customers over the summer months. For me, the performance in the period demonstrates the resilience of our two operations. We have established ourselves into many verticals across UK corporate mid-market sectors and extensive public sector frameworks to access the right to bid. This provides us with a solid platform from which to grow. Our account management teams maintain strong and enduring relationships and the low attrition rates we experience across the group means that our key relationship holders stay pivotal and continue to be the engine of our business growth. Importantly though, we must keep moving forwards, improving and evolving our proposition for customers. We've been building the business to adapt and transform to our customer needs for the future. We've continued to provide exc...