When Bytes Technology posted its annual results last week, attention focused on the FTSE 250 software company’s admission that it was “saddened as well as shocked” about its former boss executing undisclosed trades of shares worth £1.6 million.
Beyond the scandal over Neil Murphy’s 130 secret trades, however, were some interesting numbers. The software and hardware reseller posted double-digit growth in gross profit for the year to March, and built up £89 million in cash, thanks to “very strong demand for software and IT services” from both corporate and public sector clients.
Supplying businesses with laptops and software licences is proving lucrative at a time when firms face ever-growing requirements to maintain and secure their IT networks.
Murphy has resigned and the case is being
