Iomart Group PLC Pre-close Trading Update (2687L)
September 30 2016 - 1:01AM
UK Regulatory
TIDMIOM
RNS Number : 2687L
Iomart Group PLC
30 September 2016
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 Tel: 020 7418 8900
and Broker)
Richard Kauffer
Euan Brown
Alma PR Tel: 020 8004 4218
Caroline Forde
Hilary Buchanan
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
The company news service from the London Stock Exchange
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September 30, 2016 02:01 ET (06:01 GMT)