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This spring Microsoft will turn 50. From simple beginnings in Albuquerque, New Mexico, it has become one of the largest companies on the planet, credited with changing the computing industry and, with it, our daily lives.

Microsoft technology first went on sale over here in the 1980s and, galgbtqhistoryproject.org in 1982, Bytes Computer Supplies opened in Surrey, specialising in floppy disks and other accoutrements from the American group.

Today, Bytes Technology, as it is now understood, is a ₤ 1.1 billion company with about 1,200 workers and wiki.asexuality.org 6,000 consumers.

It floated 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 past year has been less fruitful, and today shares are just ₤ 4.65. At this level they are undervalued and should rebound through 2025 and beyond.

Back in the 1980s, Bytes' variety was little. Early tech geeks utilized Microsoft to compose simple documents and produce spreadsheets on their computers, and Bytes sold the kit that made it possible.

Ever since the computer world has changed beyond recognition, with Microsoft alone using hundreds of services, from Outlook and Teams to design ware, cloud storage and, lately, Copilot, an artificial intelligence tool.

In safe hands: Bytes Technology has sales staff who understand their items inside out

Individuals can buy a lot of these products straight, however businesses tend to go through agents, referred to as resellers, who use lower costs, advice and assistance when things go awry.

Bytes is the top Microsoft reseller in the UK, with consumers varying from the cops, fire service and regional authorities to Harvey Nichols, Trainline and ura.cc Findus food group.

Customers tend to use in between 500 and 2,500 personnel - big sufficient to need plenty of IT but not so big that they can arrange everything out themselves. That is where Bytes enters into its own.

Technology has actually ended up being a crucial tool for personal organizations and the public sector alike, however services have ended up being so complicated that even IT teams need professionals to assist them work out what to purchase, when to purchase and how to use what they have bought.

Bytes staff are extremely trained, often starting there as graduates and spending years with the firm.

To an outsider, discussions between these salespeople and their customers can seem like PhD interactions - or gobbledegook. To those in the understand, such thorough negotiations are a vital part of service success.

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Bytes president Sam Mudd prides herself available high-level service to new and existing customers and, although Microsoft is a significant partner, she deals with a range of providers, covering nearly every innovation requirement, including cyber security.

A veteran staffer, Mudd took the helm last spring after previous president Neil Murphy resigned, setiathome.berkeley.edu having purchased shares in Bytes without telling the board.

Investors took scare, Bytes stock dropped and, although Murphy was later on cleared, the shares have actually remained depressed.

Mudd is undeterred, having actually spent recent months up a growth plan designed to drive sales and earnings over the next five years.

Potential is clear. Despite its top position, Bytes has just a 4 percent share of the marketplace so there ought to be lots of opportunities to expand.

Despite wobbles on Wall Street, demand for software is rising too, with with forecasters recommending annual development 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 normal and special dividends too, handing over 8.7 p in ordinaries and 8.7 p in a one-off unique last year, and expected to provide 19.6 p for wiki.lafabriquedelalogistique.fr 2025, increasing to 21.5 p next year.

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Midas decision: Recent results from Microsoft and other tech titans might have disappointed financiers, however the days when we handled completely well without IT are long gone.

Bytes assists business, charities and the general public sector to navigate the digital minefield.

With a strong track record and a track record for providing on its pledges, users.atw.hu the company must prove resilient, even in today's uncertain times.

That makes the shares a buy, at ₤ 4.65.

Traded on: Main market Ticker: iwatex.com BYIT Contact: bytesplc.com