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Big Data Leads to Big Profits for iomart Group plc
By: PR Newswire
Nov. 27, 2012 03:04 AM
GLASGOW, Scotland, November 27, 2012 /PRNewswire/ --
iomart announces further investment in UK hosting network
iomart Group plc (AIM:IOM), today announced a positive set of consolidated half yearly results for the period ended 30 September 2012 boosted by adoption of cloud computing.
The financial highlights are: 29% growth in revenue to £19.9m (H1 2012: £15.4m); 66% rise in pre-tax profits to £4.9m (H1 2012: £3m); adjusted EBITDA growth of 51% to £7.6m (H1 2012: £5.0m); and cashflow from operations increased by 54% to £6.4m (H1 2012: £4.1m).
The Group also announced plans to add another 1486 m² (16,000 ft²) of capacity to its data centre in Maidenhead to ensure the continued supply of high quality data centre space. This will be fitted out to a high specification over the next 12 months.
Operational highlights for the previous six months included the purchase of three web hosting companies, including Melbourne Server Hosting in Manchester, and the investment in a high-speed, resilient UK fibre network connecting iomart's seven data centre locations.
Angus MacSween, CEO of iomart Group plc, said: "This has been another excellent trading period for iomart, delivering substantial growth both organically and through successful acquisitions. Trading in the second half of the year has begun well as the trend to outsource more and more services and infrastructure into the cloud accelerates. We continue to invest in our skills, product sets and infrastructure to deliver an increasing range and depth of cloud services and expect to continue the growth we have recently enjoyed. We therefore look forward with confidence."
The full announcement is available here:
Notes for editors:
About iomart Group plc:
iomart Group plc (AIM:IOM) is one of the UK's leading providers of managed hosting and cloud computing services. From a single server through to private cloud networks, iomart specialises in the delivery and management of mission-critical hosting services, enabling customers to reduce the costs, complexity and risks associated with maintaining their own web and online applications.
By physically owning and managing its own network infrastructure, iomart offers world-beating levels of service to its customers. The Group offers a unique 100% uptime guarantee with all hosting services being engineered to ensure no single point of failure.
iomart Group operates in its chosen markets through a number of subsidiaries: iomart Hosting, Melbourne Server Hosting, RapidSwitch, Easyspace and Westcoastcloud. The group has been listed on the London Stock Exchange's Alternative Investment Market (AIM) since April 2000. For more information about iomart Group plc visit http://www.iomart.com
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