StockMarketWire.com - Cloud computing company iomart reports adjusted pre-tax profits of £8.7m for the six months to the end of September - 8% up on last time.

Revenues rose by 16% to £36.4m with hosting organic growth of 10% H1 2015: 8%).

Chief executive Angus MacSween said: "This has been another good trading period for the Group, driven by both organic and acquisitive growth. "The cloud market landscape that we occupy continues to evolve and with that, the long term recurring revenue opportunities for iomart. We are well established as a major player in providing the flexible cloud solutions that businesses require, whether that be the private cloud, public or hybrid cloud spheres, and we are investing in expanding our teams of highly skilled staff to help our customers navigate and deploy a wider choice of solutions. We believe we are well positioned in the market and remain confident in the Group's growth prospects."





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