iomart Group, the UK cloud computing and managed hosting services provider, has announced strong annual results for the year ended 31March 2012, with profits up by 68% to £11.2 million (2011: £6.6 million). Revenue grew by 33% to £33.5 million (2011: £25.3 million), while pre-tax profits grew by 91% to £6.9 million (2011: £3.6 million) – all ahead of the record amounts achieved in the last financial year. 

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

Source: iomart