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This spring Microsoft will turn 50. From humble starts in Albuquerque, New Mexico, higgledy-piggledy.xyz it has turned into one of the largest business in the world, credited with transforming the computing industry and, with it, our daily lives.

Microsoft technology initially 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 staff members and 6,000 clients.

It drifted on the Stock Exchange in December 2020, a fortnight before Britain's first Covid Christmas. Shares were priced at ₤ 2.70, market action was passionate and, by January 2024, they were trading at more than ₤ 6.50. The previous year has been less worthwhile, and today shares are simply ₤ 4.65. At this level they are underestimated and must rebound through 2025 and beyond.

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

Ever since the computer system world has changed beyond acknowledgment, with Microsoft alone using numerous services, from Outlook and Teams to design ware, cloud storage and, recently, Copilot, an expert system tool.

In safe hands: Bytes Technology has sales staff who know their items completely

Individuals can purchase much of these items straight, however companies tend to go through agents, called resellers, who offer lower costs, suggestions and support when things go awry.

Bytes is the number one Microsoft reseller in the UK, with customers varying from the authorities, fire service and regional authorities to Harvey Nichols, Trainline and Findus food group.

Customers tend to employ in between 500 and 2,500 staff - large enough to need plenty of IT however not so large that they can arrange whatever out themselves. That is where Bytes comes into its own.

Technology has actually ended up being an essential tool for personal organizations and the general public sector alike, but services have ended up being so complicated that even IT teams require professionals to help them exercise what to buy, when to buy and how to use what they have actually purchased.

Bytes staff are extremely trained, often beginning there as graduates and costs years with the company.

To an outsider, conversations between these salesmen and their clients can seem like PhD interactions - or gobbledegook. To those in the understand, such thorough settlements are a vital part of company success.

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Bytes president Sam Mudd prides herself available top-level service to brand-new and existing consumers and, although Microsoft is a major partner, she works with a variety of providers, covering practically every technology requirement, consisting of cyber security.

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

Investors took fright, Bytes stock plummeted and, although Murphy was later cleared, the shares have remained depressed.

Mudd is undeterred, having invested recent months drawing up a development strategy developed to drive sales and profits over the next 5 years.

Potential is clear. Despite its number one position, Bytes has just a 4 per cent share of the marketplace so there need to be lots of opportunities to expand.

Despite wobbles on Wall Street, need for is rising too, with with forecasters recommending yearly growth of about 10 per cent.

Brokers anticipate Bytes profits to increase 19 percent to ₤ 73 million in the year ending February 28, climbing up to ₤ 87 million by 2027.

The group has a history of paying normal and special dividends too, forking out 8.7 p in ordinaries and 8.7 p in a one-off special in 2015, and expected to deliver 19.6 p for 2025, increasing to 21.5 p next year.

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Midas decision: Recent outcomes from Microsoft and other tech titans may have dissatisfied investors, but the days when we handled perfectly well without IT are long gone.

Bytes helps business, charities and the public sector to browse the digital minefield.

With a strong performance history and a credibility for delivering on its pledges, the business should show resilient, even in today's uncertain times.

That makes the shares a buy, at ₤ 4.65.

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