UK-based cloud service provider iomart Group has announced pre-tax profits of £14.6m for the end of the financial year – and vows to continue towards bespoke private and hybrid cloud as opposed to mass public cloud.

Revenue stood at £55.6m compared to £43.1m in 2013, representing a 29% increase, whilst revenues from iomart’s hosting segment were up by 40% to £44.7m – higher than the company’s overall revenue last year.

This represents a solid year for iomart, and represents a further base on which to build following successive profit-making years. The company bought Backup Technology and Redstation in September 2013 to bolster its attack in terms of data protection, cloud backup and dedicated hosting, as well as upped its data centre count to eight and adding an extension to its centre in Maidenhead.

Phil Worms, marketing director at iomart, told CloudTech the results were ‘solid’ and …