iomart Group, proclaimed as the UK’s leading cloud computing company, has registered end of year profits of £10.7m before tax growth, an increase of 56% and marking a significant improvement on 2012’s £6.9m profit.
Revenue growth went up 29% to £43.1m, again an improvement on the previous year, whilst adjusted EBITDA growth (earnings before interest, tax, depreciation and amortisation) was 48%, up to £16.5m.
The figures are suitably impressive for the Scottish company, proving last year’s comments from senior execs were almost Nostradamus-esque in their accuracy.
iomart Group director of marketing and corporate communications Phil Worms told CloudTech this time last year that “the market expected us to deliver”, with CEO Angus MacSween adding that “at least another two or three” acquisitions were expected to be made.
And with buyouts of Melbourne Server Hosting, Skymarket and Internet Engineering for an overall figure of …