StockMarketWire.com - Cloud computing group Iomart said Monday performance in the first half of the year had met expectations, with both revenue and trading profits expected to come in well ahead of the same period a year earlier.

Iomart said it had continued to win good levels of new business from both new and existing customers in the period, adding that it remained 'well positioned' to take advantage of the opportunities from businesses considering a move to the cloud.

Looking ahead to the second half of the year, the company said it was 'confident' the reorganisation of its sales and marketing team and structure would begin to filter through into the sales pipeline. 'iomart's continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market. With a significant and sustainable market opportunity ahead of us, a growing sales pipeline and high levels of revenue visibility, we look to the second half of the year and beyond with confidence,' said Angus MacSween, CEO of iomart Group.



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