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UK Company Delivers Complex Cloud Services to Growing Market
Revenues are up 16% to £76.3 Million
GLASGOW, SCOTLAND – June 7, 2016 – /BackupReview.info/ – 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.
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:
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 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 visit the investor news page: https://www.iomart.com/news/investor-news/
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.
iomart is the parent company of Backup Technology Limited, Leeds UK based cloud backup and disaster recovery service provider.
To find out more about how iomart delivers any cloud your way visit http://www.iomart.com
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