menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Financial News

>

Bytes plun...
source image

Moneyweb

1w

read

51

img
dot

Bytes plunges after warning of slower 1st half profit

  • Bytes Technology Group's share price dropped nearly 30% after warning of lower-than-expected operating profit in the first half of the financial year.
  • Trading challenges in a tough macroeconomic environment led to deferred customer buying decisions, especially in the corporate sector.
  • Gross profit for the six months ending 31 August 2025 is expected to be in line with the prior year, while operating profit will be marginally lower.
  • The impact of Microsoft enterprise incentives changes is more pronounced in the first half, while the benefit from services growth is spread across the year.

Read Full Article

like

3 Likes

For uninterrupted reading, download the app