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.
(Logo:
http://photos.prnewswire.com/prnh/20121126/579634 )
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