Iomart Group PLC Pre-close Trading Update (6235A)
September 30 2015 - 2:01AM
UK Regulatory
TIDMIOM
RNS Number : 6235A
Iomart Group PLC
30 September 2015
30 September 2015
iomart Group plc
("iomart" or the "Group")
Pre-close Trading Update
iomart Group plc (AIM:IOM), the cloud computing company, is
pleased to provide its pre-close trading statement for the six
months ending 30 September 2015 ahead of the announcement of its
half yearly results.
Group trading performance
The Board is pleased to report that the business has continued
to perform strongly in the first half of the financial year.
Trading in the six months ending 30 September 2015 has been in line
with management expectations, with both revenue and profits
expected to be materially ahead of the comparative period last
year.
SystemsUp Limited, a cloud consulting business to the public
sector, which was acquired in June 2015 has strengthened the
Group's Public Cloud strategy, bringing in consulting experience
and stronger relationships with Public Cloud vendors.
The Group continues to seek further strategic acquisitions,
having secured a substantial additional funding package in July
from Bank of Scotland to bring the total bank facility to
GBP60m.
Demand for the Group's services remains strong as iomart
continues to differentiate its offering in the market with its own
datacentres, focus on the SME and mid-market, and a consultative
sales approach. Private Cloud adoption continues to grow and iomart
has an expanding capability here. A hybrid approach to cloud is
increasingly the norm for enterprises and there is a clear market
role for companies such as iomart to help manage the complex
transformation to the cloud. These strong market drivers with
future growth underpinned by existing and new clients leave the
Board confident in the outlook for the full year and optimistic for
continued success.
Angus MacSween, CEO of iomart Group plc, commented:
"We are very pleased with the way the business has performed in
the period and the Board is highly confident in the future. The
Group is well positioned to sustain its competitive advantage
within the hybrid cloud market with its strong customer base and
growing expertise in private cloud. With an outstanding track
record and an established reputation as the UK's leading cloud
computing company, we believe the prospects for iomart continue to
be excellent."
For further information:
iomart Group plc Tel: 0141 931 6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser and Broker) Tel: 020 7418 8900
Richard Kauffer
Euan Brown
Newgate Tel: 020 7653 9850
Adam Lloyd
Bob Huxford
Robyn McConnachie
Ed Treadwell
About iomart Group plc
Award winning cloud company iomart Group PLC (AIM:IOM) enables
businesses and organisations to operate their online data and IT
environments safely and securely. Headquartered in Glasgow,
Scotland, iomart partners with leading vendors such as VMware,
Amazon, EMC, Microsoft, Asigra, Arbor and Dell to offer customers a
centrally managed, controlled and completely agnostic set of
hybrid, private and public cloud platforms. By owning a global
network and datacentre infrastructure, iomart can support any
customer who wishes to move seamlessly between any and all of these
platforms with a consultative level of knowledge and expertise,
delivering cloud services to meet exact business needs. For more
information visit www.iomart.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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