UK-based cloud computing company Iomart has reported 29% rise in its revenue to £43.1m during 2013 ending March 31, compared to £33.5m reported during last year.
The company’s pre-tax profit increased 56% to £10.7m during the year, compared to £6.9m it reported for the previous year.
For the year, the company’s adjusted EBITDA rose 48% to £16.5m, compared to £11.2m reported during the prior year.
The company claims that the revenues have increased by 135%, profit before tax by 970% and adjusted EBITDA by 430% compared to its first year in 2010.
Iomart Group CEO Angus MacSween said the market the company addresses is growing and evolving.
"Mobile technology has changed the way we access the internet and this new borderless access model means the only way to deliver services securely and efficiently is from central points through the cloud," MacSween added.
"Our datacentres are at the heart of this and with our growing credibility and strength we expect to be able to penetrate further into the corporate environment."
During the year, Iomart Group has acquired three hosting companies including Skymarket, Melbourne Server Hosting and Internet Engineering, and increased its datacentre properties from five to eight.
