Cloud Services Company iomart Half Year Revenues up 16% to £36.4m

Dec 02, 2015, 03:00 ET from iomart Group PLC

GLASGOW, Scotland, December 2, 2015 /PRNewswire/ --

CEO Confident of Long Term Hybrid and Public Cloud Opportunities  

Cloud company iomart (AIM: IOM) has today reported its consolidated half yearly results for the period ended 30 September 2015.

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The financial highlights include revenue growth of 16% to £36.4m (H1 2015: £31.5m) including 10% organic growth in the hosting operation (H1 2015: 8%); adjusted EBITDA growth of 11% to £15.5m (H1 2015: £14.0m) and adjusted profit before tax growth of 8% to £8.7m (H1 2015: £8.0m).

The operational highlights include the acquisition of public cloud consultancy SystemsUp in June and the addition of United Hosting after the period end. iomart has also significantly increased its capability in the provision of hybrid and public cloud and invested in the resources and highly skilled senior staff to provide a platform for future growth.

Angus MacSween, CEO of iomart, said: "This has been another good trading period for the Group, driven by both organic and acquisitive growth. The cloud market landscape that we occupy continues to evolve and with that, the long term recurring revenue opportunities for iomart.

"We are well established as a major player in providing the flexible cloud solutions that businesses require, whether that be the private cloud, public or hybrid cloud spheres, and we are investing in expanding our teams of highly skilled staff to help our customers navigate and deploy a wider choice of solutions. We believe we are well positioned in the market and remain confident in the Group's growth prospects."

To read the full statement made to the London Stock Exchange please click here     

@iomart

About iomart 

Award winning cloud company iomart Group PLC (AIM: IOM) enables businesses and organisations to operate their online data and IT environments safely and securely. Headquartered in Glasgow, Scotland, iomart partners with leading vendors such as VMware, Amazon, EMC, Microsoft, Asigra, Arbor and Dell to offer customers a centrally managed, controlled and completely agnostic set of hybrid, private and public cloud platforms. By owning a global network and datacentre infrastructure, iomart can support any customer who wishes to move seamlessly between any and all of these platforms with a consultative level of knowledge and expertise, delivering cloud services to meet exact business needs. For more information visit http://www.iomart.com

SOURCE iomart Group PLC