Iomart doubles profit

Cloud computing and managed hosting services firm Iomart said half year pre-tax profit more than doubled and said trading in the second half has started well as its pipeline of opportunities continues to strengthen.

Cloud computing and managed hosting services firm Iomart said half year pre-tax profit more than doubled and said trading in the second half has started well as its pipeline of opportunities continues to strengthen.

Pre-tax profit rose to £2.4m for the six months ended 30 September 2011 from £1.2m a year earlier. Revenue rose to £15.4m from £11.4m previously with both easyspace and hosting contributing to growth.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.