Bytes Technology, the UK company spun out of Altron, is pushing through inflation costs, passing on rising prices to clients who need its cloud computing, cybersecurity and software services.
“Any inflationary costs that come in to our business in terms of pricing from vendors, we tend to pass on to our customers,” Bytes CEO Neil Murphy said at an investor presentation on Tuesday. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Bytes increases headline earnings, but macroeconomic pressures still a worryDemand from corporate clients for the company’s software, hardware and services climbed and it enjoyed sustained growth from public-sector customers
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