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Managed hosting provider iomart has confirmed a year of strong growth in revenues and profits. This Scottish company increasingly stands out as one of the leading players in the fragmented mid-market managed services space.
Full-year revenue was up 33% at £33.5m, ahead of initial expectations as previously highlighted (see iomart to beat expectations for full year). Adjusted EBITDA jumped by 68% to £11.2m. iomart’s EBIT margin for the year was 18%, compared to 11% in FY11.
On pretty much any measure, this is an outfit with a robust business model that is performing well. We’ll have further comment for HotViewsExtra readers once we’ve digested this morning’s discussion with iomart’s CEO and FD.
