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:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11409212
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
For more information please contact:
Jane Robertson
PR Manager
iomart Group plc
jane.robertson@iomart.com
Tel: +44(0)141-931-6400
Twitter: @iomartgroup
SOURCE iomart Group plc