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

2nd December 2015 · Press Releases

CEO Confident of Long Term Hybrid and Public Cloud Opportunities

Cloud company iomart (AIM: IOM) has today (2nd December 2015) reported its consolidated half yearly results for the period ended 30 September 2015.

The financial highlights include revenue growth of 16% to £36.4m (H1 2015: £31.5m) including organic growth of 10% in its hosting division (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 June 2015 acquisition of public cloud consultancy SystemsUp 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 please download from the link iomart_group-plc_interim_report_sept_2015_issued_021215

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