iomart Group: investment in sales bearing fruit

27th November 2019

iomart is pleased to report that investment in its sales efforts has led to a marked growth in organic growth with orders well ahead of prior period, coming through to revenue in the months ahead. The Group announced its results for the half year ending 30th September today, with revenues up 8% to £55.1mm profits before tax up 15% to £8.4m and its interim dividend up  to 2.6 pence per share

Angus MacSween, CEO commented,

“The positive trading performance from the Group reflects the investment we are making in our sales engine which has delivered significantly more business from new customers than the comparable period. We have also seen an increasing level of larger, more complex enterprise contract wins, whose revenue will start to be recognised in the second half of the year and beyond.

“This momentum, combined with high levels of visibility within our recurring revenue business model gives increasing confidence that we are on track for an improving trend in our organic growth. In addition, we continue to see opportunities to enhance this growth through acquisitions. With a wide portfolio of managed cloud services, we are confident in our ability to capitalise on the significant and sustainable market opportunity ahead, underpinning the Group’s long-term prospects.”

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