Iomart on cloud nine with sales pipeline

Iomart, the Glasgow-based cloud computing and web hosting group, has issued a robust trading outlook highlighting a growing sales pipeline as more businesses switch to using remote servers.

Releasing a trading statement yesterday, the group told investors that it had continued to perform strongly during the six months to the end of September.

It said that both revenue and trading profits were expected to be “well ahead” of the same period last year, including the contribution from acquisitions made in the previous financial year.

The group also completed the reorganisation of its sales and marketing team and structure during the first half, adding that it was confident that it would see these efforts “starting to filter through into the sales pipeline for the second half and beyond”.

The firm, which has undertaken a string of acquisitions, said: “Many industries and sectors are only now at the start of the journey to the cloud, which means that the market opportunity remains strong and varied.”

Chief executive Angus Macsween said: “Iomart’s continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market.”

He added: “With a significant and sustainable market opportunity ahead of us, a growing sales pipeline and high levels of revenue visibility, we look to the second half of the year and beyond with confidence.” 0 CEO Angus Macsween: significant and sustainable