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iomart Group plc (AIM:IOM) positive pre-close and plenty of fire power

30/09/2015 · iomart Group PLC (IOM) 

The cloud computing company delivered a positive pre-close trading statement for the six months ending 30 September 2015 ahead of the announcement of its half yearly results. This business has plenty of cash generative attractions!

Trading in the six months ending 30 September 2015 has been in line with management expectations, with both revenue and profits expected to be materially ahead of the comparative period last year – 30th Sept 2014 revenue £32m and operating income £6.17m.

SystemsUp Limited, a cloud consulting business to the public sector, which was acquired in June 2015 has strengthened the Group’s Public Cloud strategy, bringing in consulting experience and stronger relationships with Public Cloud…

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