View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 9, 2014

iomart H1 revenue up 28%

Mainly driven by acquisitions and hosting segment.

By CBR Staff Writer

Glasgow-based web hosting firm iomart has reported a 28% rise in revenues to £31.5m during the six months ending September 2014. This rise was mainly boosted by acquisitions and revenue from its hosting segment.

During the period, the company reported a 44% rise in EBITDA to £14m, in addition to an adjusted profit before tax growth of 27% to £8m.

iomart CEO Angus MacSween said: "We have demonstrated a further strong performance as we continue to benefit from last year’s acquisitions of Redstation and Backup Technology, and we have made a good start to the second half of the year."

"The market opportunity remains large and long term and, in a fast moving and ever evolving industry we have the skills and experience to continue to perform well."

"Our focus going forward is on continuing to deepen our relationships with the large Tier 1 vendors and their growing trust in our abilities gives me confidence for iomart’ s prospects in the years ahead."

iomart acquired ServerSpace in a deal worth about £4.25m, which is claimed to be completed last week.

The company’s hosting segment reported a 37% rise in revenues to £26.1m, with the majority of the rise mainly down to the acquisitions of Redstation and BTL in September 2013.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.