Annual Revenues Hit £76million for Cloud Company iomart

Jun 07, 2016, 07:05 ET from iomart Group PLC

GLASGOW, Scotland, June 7, 2016 /PRNewswire/ --

UK Company Delivers Complex Cloud Services to Growing Market  

Revenues for U.K. cloud computing company iomart (AIM:IOM) reached £76.3m for the year ending March 31 2016, according to its annual results statement released to the London Stock Exchange today.

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iomart announced a 16% increase in revenue (2015: £65.8m) as Chief Executive Angus MacSween reported "another excellent year" and spoke of the long term opportunity that the growth in the market for cloud services offered.

The main financial highlights announced by iomart were:

  • Revenue growth of 16% to £76.3m (2015: £65.8m) 
  • Adjusted EBITDA growth of 11% to £32.3m (2015: £29.1m)  
  • Adjusted profit before tax growth of 14% to £19.0m (2015: £16.6m) 

iomart announced it was re-naming its Hosting Division as its Cloud Services Division to mark the increasing focus on delivering high quality private, public and hybrid cloud services. Profits in this newly named Cloud Services division rose by 19% to £65.4m.

iomart also highlighted its growing partner relationships with the leading hypercloud vendors Amazon Web Services and Microsoft to provide management and consultancy around their services. The company said it had made its first "significant public cloud implementation."

Angus MacSween, CEO of iomart, stated: "The public cloud vendors led by AWS and Microsoft continue to win market share. It is becoming clear that they will require an ecosystem of businesses orbiting them to provide services and support. The public cloud has introduced another level of complexity to the choices that businesses have in their future IT buying decisions and we believe with that increase in choice and complexity comes opportunity."

He continued: "The long term opportunity is bigger than ever. The investments we have made in our staff, skillsets and industry relationships mean we are well positioned to take advantage of that opportunity and to deliver further significant growth. I look forward, once again, with confidence to the year ahead."

To read the full statement please click here

About iomart 

iomart Group PLC (AIM: IOM) delivers cloud consultancy, facilitation and digital transformation to ISVs, SMEs, enterprises and the UK public sector. The award-winning and highly ISO accredited hosting company provides public, private and hybrid cloud solutions - including managed AWS and Microsoft Azure - from a network of secure UK data centres connected by a high capacity private fibre network. 

iomart is a long term supplier to G-Cloud and its infrastructure and cloud and backup services are designed to meet the requirements of the UK public sector. They are certified for connection to the Public Services Network (PSN) and N3 NHS network and are CESG Pan Government Accredited.  

To find out more about how iomart delivers any cloud your way visit www.iomart.com

Media Contact:
Jane Robertson
PR Manager
jane.robertson@iomart.com
+44(0)141-931-6400
@iomart

SOURCE iomart Group PLC