Home News iomart Group Expects Strong First-Half Performance

iomart Group Expects Strong First-Half Performance

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iomart Group, the IT and cloud-computing company, has announced that it anticipates an improvement in its first-half performance, thanks to recent acquisitions. The company projects that its revenue for the six months ending September 30 will increase to £62.0 million, up from £52.6 million reported in the same period last year. Additionally, iomart Group expects its adjusted earnings before interest, taxes, depreciation, and amortization to rise by 4% to approximately £18.5 million.

The company attributes its projected success to higher bank interest rates, expecting adjusted pretax profit to reach around £7.5 million, a slight increase from the previous year’s figure of £7.4 million. The positive results have been further boosted by the revenue contribution of approximately £6.5 million from iomart Group’s two most recent acquisitions.

iomart Group’s recent acquisitions have bolstered its market presence and expertise, thereby enhancing its customer offering. This positions both iomart Group and its customers to maximize opportunities within the expansive hybrid cloud market. The company remains confident in its long-term prospects and the overall outlook for the group.

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