{"id":7556,"date":"2013-05-28T23:23:04","date_gmt":"2013-05-28T23:23:04","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/news\/2013\/may\/29\/cloud-computing-firm-iomarts-profits-continue-rise\/"},"modified":"2013-05-28T23:23:04","modified_gmt":"2013-05-28T23:23:04","slug":"cloud-computing-firm-iomarts-profits-continue-to-rise","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/cloud-computing-firm-iomarts-profits-continue-to-rise\/","title":{"rendered":"Cloud computing firm iomart\u2019s profits continue to rise"},"content":{"rendered":"<p>iomart Group, proclaimed as the UK&rsquo;s leading cloud computing company, has registered end of year profits of &pound;10.7m before tax growth, an increase of 56% and marking a significant improvement on 2012&rsquo;s &pound;6.9m profit.<\/p>\n<p>Revenue growth went up 29% to &pound;43.1m, again an improvement on the previous year, whilst adjusted EBITDA growth (earnings before interest, tax, depreciation and amortisation) was 48%, up to &pound;16.5m.<\/p>\n<p>The figures are suitably impressive for the Scottish company, proving last year&rsquo;s comments from senior execs were almost Nostradamus-esque in their accuracy.<\/p>\n<p>iomart Group director of marketing and corporate communications Phil Worms told CloudTech this time last year that &ldquo;the market expected us to deliver&rdquo;, with CEO Angus MacSween adding that &ldquo;at least another two or three&rdquo; acquisitions were expected to be made.<\/p>\n<p>And with buyouts of Melbourne Server Hosting, Skymarket and Internet Engineering for an overall figure of &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>iomart Group, proclaimed as the UK&rsquo;s leading cloud computing company, has registered end of year profits of &pound;10.7m before tax growth, an increase of 56% and marking a significant improvement on 2012&rsquo;s &pound;6.9m profit.<br \/>\nRevenue growt&#8230;<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7556","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/7556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=7556"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/7556\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=7556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=7556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=7556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}