StockMarketWire.com - iomart Group plc (AIM:IOM), the cloud computing company, has reported 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, a cloud consulting business to the public sector, which was acquired in June 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 £60m.

Angus MacSween, CEO of iomart Group, 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."


At 9:16am: [LON:IOM] Iomart Group PLC share price was +14p at 273.5p



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