Angus MacSween, CEO of iomart Group plc, said: “This is another great set of results and shows that we continue to consolidate our position within the large, highly fragmented and growing UK cloud hosting market. We are investing in both storage infrastructure and in our network connectivity to maintain our leading position and offer premium levels of service to customers.”
Revenues from the hosting division grew by 38% to £24.3m (2011: £17.7m), mostly due to iomart Hosting which, in the last four financial years, has experienced a five-fold increase in revenues from £4.6m in the year to March 2009.
Over 600 new orders were won, including a substantial amount of additional orders from existing customers - recurring revenue levels are around 95%.
Wednesday 30 May 2012
Profitable cloud hosting growth helps iomart Group plc post strong annual results
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It is Fantastic article,fragmented and growing UK cloud hosting market. We are investing in both storage infrastructure and in our network connectivity to maintain our leading position
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