- Cloud computing company iomart Group will report first half revenues and profits substantially ahead of last year.

A trading update ahead of the results for the six months to the end of September says the group has performed strongly and the board is confident that the financial performance for the full year will be ahead of current consensus market expectations.

The focus of the business continues to be on the provision of high quality and high margin managed solutions to SMEs and corporate clients.

These contracts are typically for two to three years in length underpinning the Company's very high degree of visibility of its earnings for the coming year.

Furthermore, clients are increasingly staying with iomart on contract renewal, underscoring the Company's established reputation as a market leader.

At 9:07am: [LON:IOM] Iomart share price was +14p at 176.5p

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