iomart Group reports 29 per cent revenue growth following acquisition spree
Cloud computing company iomart has announced revenue growth of nearly a third (29 per cent) for this year’s first half figures.
The company has reported an increase in revenue to £19.9m during its first six months of 2012 up until September, up from £15.4m during the same period last year, with a pre-tax profit growth of 66 per cent to £4.9m (up from £3m during last year.)
During this year iomart has made three major acquisitions within the group, including that of Melbourne Server Hosting for £6.7m, Skymarkter for £1.4m and Internet Engineering for £1.5m.
Angus MacSween, CEO of iomart said that the results represented “another excellent trading period” for the company.
“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," he added.
This year has also seen iomart roll out a resilient fibre network across all of its UK datacentres.
Last month, as part of the company's sponsorship of the Social Buzz Awards, the winners of which are announced tomorrow night, iomart's director of marketing Phil Worms discusses the rise of cloud computer hosting and the issues the industry is finding around security.
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