StockMarketWire.com - Cloud computing company Iomart reported revenue growth of 29% to £55.6m for the year to end-March, with adjusted pretax profit up 37% to £14.6m (2013: £10.7m).

Adjusted EBITDA growth was 43% to £23.6m (2013: £16.5m).

Adjusted basic earnings per share from operations increased by 29% to 10.95p (2013: 8.46p).

Cashflow from operations increased by 62% to £24.0m (2013: £14.8m).

Adjusted EBITDA margins increased to 42% (2013: 38%).

Proposed final dividend increased by 25% to 1.75p per share (2013: 1.40p per share).

· Increased European footprint and dedicated server expertise through the acquisition of Redstation Limited for a maximum consideration of £8.1m

· Acquired major presence in the Cloud backup and disaster recovery market through the acquisition of Backup Technology Holdings Limited for a total consideration of £23.0m

· Completion of fit out of around 600 racks of datacentre space in Maidenhead

Statutory Equivalents

. Profit before tax growth of 12% to £9.7m (2013: £8.7m)

· Basic earnings per share from operations increased by 6% to 7.30p (2013: 6.91p)

Angus MacSween, CEO commented:

"We continue to be well placed to deliver an ever wider range of cloud services to our increasing customer base. With our growing reputation and ongoing investment in leading edge technologies alongside our own development skills, we are well positioned for further significant growth. I look forward, once again, with confidence to the year ahead."



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