The company reported a gross profit of $34.2mn in the first six months of 2024, higher than internal forecasts and a 47 per cent increase on the same period in 2023. Revenue for the period was $144mn, up from $89.3mn last year. It kept its full-year outlook unchanged.

The newly public Raspberry Pi Holdings reported its first financial results, easily beating expectations and delighting investors.

The tech firm told shareholders that revenues jumped by 61% to 144 million US dollars (£107.9 million) over the six months to June.

The Raspberry Pi share price jumped after reporting earnings for the first time since its IPO. Dr James Fox explores whether this stock's worth buying.

The budget computer maker, which went public on the London markets in June, revealed its adjusted earnings before nasties jumped by 55 per cent to $20.9million in the six months ending June.