30 September 2016
iomart Group plc
("iomart" or the "Group" or the "Company")
Pre-close Trading Update
iomart Group plc (AIM:IOM), the cloud computing company, is pleased to provide its pre-close trading statement for the six months ending 30 September 2016, ahead of the announcement of its half yearly results.
Group trading performance:
The Board is pleased to report that the business has continued to perform strongly in the first half of the financial year. Trading in the six months ending 30 September 2016 has been in line with management expectations, with both revenue and profits expected to be materially ahead of the comparative period last year.
The Group has seen strong demand for its services as enterprises continue to move their services into the cloud. With our wide range of cloud products and services covering private, public and hybrid cloud solutions, iomart is ideally placed to advise these enterprises on the best solution to fit their needs and then to implement the chosen solution. We have continued to develop our relationships with the major Public Cloud vendors during the period as we enhance our expertise in this area.
The market opportunity remains strong and we are well positioned to take advantage of it. The Board is confident in the outlook for the full year and optimistic for continued success.
Angus MacSween, CEO of iomart Group plc, commented:
"We are pleased to report another period of strong performance from iomart. The Group is well placed to sustain its competitive advantage within the hybrid cloud market and to maintain our reputation as the UK's leading cloud computing company. We continue to see a good stream of acquisition opportunities and look forward with confidence to the rest of the year."
For further information:
iomart Group plc
Tel: 0141 931 6400
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt LLP (Nominated Adviser and Broker)
Tel: 020 7418 8900
Tel: 020 8004 4218
About iomart Group plc
iomart Group plc (AIM: IOM) delivers cloud consultancy, facilitation and management to ISVs, SMEs, Enterprises and the UK public sector. The award-winning and highly ISO accredited hosting company provides public, private and hybrid cloud solutions - including managed AWS and Microsoft Azure - from a network of secure UK data centres connected by a high capacity private fibre network. iomart is a long term supplier to G-Cloud and its infrastructure and cloud and backup services are designed to meet the requirements of the UK public sector. They are certified for connection to the Public Services Network (PSN) and N3 NHS network and are CESG Pan Government Accredited. iomart delivers any cloud your way.
For further information about the Group, please visit www.iomart.com
This information is provided by RNS