Melbourne’s parent - iomart Group - earns big profits from big data

27 November 2012 | by Josh R

Now we’re part of a publicly listed company, details about how we are doing have to be announced on the London Stock Exchange.

This morning our parent company iomart Group (AIM:IOM) unveiled a positive set of consolidated half yearly results for the period ended 30 September 2012.

The financial highlights are: 29% growth in revenue to £19.9m (H1 2012: £15.4m); 66% rise in pre-tax profits to £4.9m (H1 2012: £3m); adjusted EBITDA1 growth of 51% to £7.6m (h1 2012: £5.0m); and cashflow from operations increased by 54% to £6.4m (H1 2012: £4.1m).

Operational highlights included the purchase of three web hosting companies - including us! - plus the investment in a high-speed, resilient UK fibre network connecting iomart’s seven data centre locations. The Group announced plans to expand one of its other data centres in Maidenhead.

You can read more on the swanky new iomart Group website.

[googleplusauthor] @ Melbourne

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