StockMarketWire.com - Cloud computing company iomart reports revenue growth of 16% to £42.1m in the six months to the end of September with cloud Services organic growth of 10% (H1 2016: 10%).

Other highlights:

- Adjusted EBITDA growth of 13% to £17.6m (H1 2016: £15.5m)

- Adjusted profit before tax growth of 23% to £10.6m (H1 2016: £8.7m)

- Adjusted diluted earnings per share from operations increased by 19% to 8.03p (H1 2016: 6.75p)

- Cashflow from operations increased by 22% to £16.7m (H1 2016: £13.6m)

- Operating cash conversion rate increased to 95% of adjusted EBITDA (H1 2016: 88%)

Chief executive Angus MacSween said: "Trading in the first half of the year has been very good and we remain focused on building our recurring revenues in line with our business model. We are uncovering an increasing breadth of opportunities to constantly grow that recurring revenue and remain confident in our future prospects."






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