MIDAS SHARE TIPS: Bytes Technology Ready to Rebound after a Difficult Year
This spring Microsoft will turn 50. From modest starts in Albuquerque, New Mexico, it has actually ended up being one of the biggest business in the world, credited with changing the computing industry and, with it, our daily lives.
Microsoft innovation first went on sale over here in the 1980s and, 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 known, is a ₤ 1.1 billion business with about 1,200 workers and 6,000 clients.
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 previous year has been less rewarding, 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' range was small. Early tech geeks utilized Microsoft to write simple documents and create spreadsheets on their computers, and Bytes sold the kit that made it possible.
Since then the computer system world has actually altered beyond recognition, with Microsoft alone providing numerous services, from Outlook and Teams to develop ware, cloud storage and, recently, Copilot, an expert system tool.
In safe hands: Bytes Technology has sales staff who know their products within out
Individuals can buy a number of these items straight, however organizations tend to go through representatives, referred to as resellers, who offer lower rates, recommendations and support when things go awry.
Bytes is the primary Microsoft reseller in the UK, with clients varying from the cops, fire service and local authorities to Harvey Nichols, Trainline and Findus food group.
This spring Microsoft will turn 50. From modest starts in Albuquerque, New Mexico, it has actually ended up being one of the biggest business in the world, credited with changing the computing industry and, with it, our daily lives.
Microsoft innovation first went on sale over here in the 1980s and, 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 known, is a ₤ 1.1 billion business with about 1,200 workers and 6,000 clients.
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 previous year has been less rewarding, 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' range was small. Early tech geeks utilized Microsoft to write simple documents and create spreadsheets on their computers, and Bytes sold the kit that made it possible.
Since then the computer system world has actually altered beyond recognition, with Microsoft alone providing numerous services, from Outlook and Teams to develop ware, cloud storage and, recently, Copilot, an expert system tool.
In safe hands: Bytes Technology has sales staff who know their products within out
Individuals can buy a number of these items straight, however organizations tend to go through representatives, referred to as resellers, who offer lower rates, recommendations and support when things go awry.
Bytes is the primary Microsoft reseller in the UK, with clients varying from the cops, fire service and local authorities to Harvey Nichols, Trainline and Findus food group.