Iomart confident of further growth

Web-hosting and data storage company Iomart said it has achieved a very strong set of results across both its operating segments, ahead of market forecasts, and is confident of further growth in the next financial year and beyond.

Web-hosting and data storage company Iomart said it has achieved a very strong set of results across both its operating segments, ahead of market forecasts, and is confident of further growth in the next financial year and beyond.

The cloud computing firm expects to show an adjusted EBITDA of not less than £11m for the year to 31 March 2012 compared to £6.6m for the same period in 2011. Adjusted pre-tax profit is expected to be around £6.7m compared to £3.6m the previous year.

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