- Cloud computing company Iomart reported a rise in profit as a ramp-up in investment spend on its sales engine delivered new business wins.

For the six months ended 30 September, pre-tax profit rose 15% to £8.4m on-year as revenue grew 8% to £55.1m.

The company said investments in its sales engine had delivered 'significantly' more business from new customers than the comparable period.

Its cloud services segment grew revenues by 10% to £48.8m and its easyspace segment had performed in line with expectations, with revenues falling by £0.4m to £6.3m.

'The high levels of visibility within our recurring revenue business model and the investments made in our commercial organisation gives increasing confidence that we are well on track for an improving trend in our organic growth rate in line with our expectations,' Iomart said.

At 8:45am: [LON:IOM] Iomart Group PLC share price was -12p at 348p

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