Iomart half-year revenue up 8% to £51m

Glasgow-based cloud computing firm Iomart Group plc said on Tuesday its revenue grew 8% to £50.9 million and adjusted profit before tax rose 7% to £12.4 million in the half year to September 30.

Iomart CEO Angus MacSween said:  “Iomart’s continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market …

The high levels of visibility within our recurring revenue business model and strong cost control provides stability to our trading performance for the second half of the year, ensuring the full year should deliver a similar overall year on year progression as we have reported in the first half.

“We remain very confident in the group’s long term prospects.”