Iomart expects revenue to grow 17%

Iomart CEO Angus MacSween

Glasgow-based cloud computing firm iomart said in a trading statement that for the year to March 31, 2017, it expects to show revenue growth of 17% and adjusted EBITDA of about £36.6 million, up from £32.3 million, in line with market consensus expectations.

iomart said it expects to report a 19% increase in adjusted profit before tax to £22.4 million, up from £18.9 million.

Angus MacSween, CEO of iomart Group plc, said: “iomart has delivered yet another year of exciting growth. The long term opportunity remains very real and iomart continues to broaden its cloud skills, experience and breadth of management to ensure it is well positioned for future growth.”