http://www.iomart.com/

The Group's principal activity is providing web based managed hosting services for both the consumer and business.

Originally founded in 1998 as an integrated internet and telecommunications company, the Group has evolved to become one of Europe’s largest providers of managed hosting, colocation, data centre, and business continuity services, serving over 300, 000 customers each day. Having been at the forefront of the UK’s technological revolution for the past decade the Group has developed an enviable reputation for its internet expertise, its service ethic and its product innovation.

The Group holds a unique position within the marketplace. By owning its own data centre and network infrastructure, it is able to deliver the complete set of vertical components in the hosting arena from domain names, virtual web space, security, web marketing, SEO, websites, dedicated servers through to complex managed hosting solutions, colocation space, power, cooling and bandwidth.

As more and more mission critical business applications move on to the web, so organisations need more resilience, security and 24 hour management; the market for managed hosting services and datacentre capacity is expected to grow significantly over the next few years.Described by US Analyst Tier 1 as "currently enjoying the sort of momentum that could soon place it on the list of European heavyweights.", the iomart Group is fast proving to be one of the UK's leading lights in the provision of true cloud computing services.

As of Apr 12, 2013, the consensus forecast amongst 5 polled investment analysts covering Iomart Group Plc advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Mar 13, 2013. The previous consensus forecast advised that Iomart Group Plc would outperform the market.

iomart Group Financial Director is up for FTSE FDs’ Excellence Award

Posted on April 19, 2013


Richard Logan shortlisted for Smaller Quoted Company FD of Year

iomart Group plc (AIM:IOM) is delighted to announce that its Financial Director, Richard Logan, has been shortlisted for the FDs’ Excellence Awards, which recognise the best financial leaders and financial directors in the UK.

Richard Logan is one of six financial directors selected by the judges in the FTSE FDs’ Award category for Smaller Quoted Companies.

Angus MacSween, CEO of iomart Group plc, said: “Richard’s nomination reflects the important role he plays in ensuring our continued success, delivering bespoke cloud services to leading businesses across the UK.”

Created by Real Business, the FD Excellence awards are held in association with ICAEW, and supported by the CBI. The winners will be announced at a ceremony at The Marriott Hotel in Grosvenor Square, London on May 9th


http://fdx.realbusiness.co.uk/#shortlist

RapidSwitch Provides Dedicated Hosting for Global Online Recycling Marketplace

Posted on April 22, 2013


RapidSwitch, part of UK cloud computing company iomart Group plc (AIM:IOM), is providing dedicated hosting for a new B2B online marketplace which is changing the face of the global trade in recyclable materials.

Recycling.com is unique because it allows an auction to take place directly between the seller of recyclable materials – such as paper, plastics, and metals – and those wanting to buy it, in a secure trustworthy online environment. Since launching six months ago over 150 companies have registered in over 17 different countries and turnover of existing members is in excess of $12 billion.

Mark Baij, CEO of Recycling.com, said: “Since launching we’ve had a tremendous amount of interest, and with a multilingual website and team we can communicate very effectively with all the main markets worldwide. Trading started recently and we continue to add new members on a daily basis so we’re pleased that the demand we felt was there based on our research and knowledge of the market is materialising.”

The data for the Recycling.com transactions is stored and transmitted securely from a UK-based dedicated server at RapidSwitch’s 1300 metre(2) Maidenhead data centre which sits behind a Cisco ASA security appliance to give complete control over access to the platform.

Noel Hanrahan, COO of Recycling.com, explained: “Our members want reassurance that our site is stable and secure. A key component of this is crucially linked to the service and performance of our hosting company.”

RapidSwitch’s ISO27001 and 9001 accredited data centre facilities offer complete peace of mind over the physical security of the platform, complementing the electronic security put in place by Recycling.com.

Neil Christie, Commercial Director of RapidSwitch, said: “We are delighted to be providing reliable and secure hosting for Recycling.com as it establishes a brand new marketplace for recyclables.”

iomart Group voted AIM/Mid Sized Cap at Scotland PLC Awards

Posted on April 26, 2013


Cloud computing company wins title for second year

iomart Group plc (AIM:IOM) has been voted AIM/Mid-sized Cap PLC of the year for the second year running at the Scotland PLC awards.

iomart Group’s “impressive financial performance last year and its success in pulling off a string of strategic acquisitions” was highlighted by the judging panel.

One of the judges commented that iomart was “Clearly a highly effective business model which is growing rapidly through both acquisition and organic growth.”

Angus MacSween, CEO of iomart Group, said: “Scottish and UK business has now grasped the important role that the cloud can play in delivering computing resources. We have invested in a high speed fibre network and made a strategic acquisition of Melbourne Server Hosting in Manchester, to ensure that iomart can deliver the mission critical cloud services those businesses need wherever they are located.”

The awards, which were established to recognise the success of Scotland’s listed companies, are held jointly by Scottish Business Insider and leading accountant PwC.

Aberdeen Asset Management took the overall of Scottish PLC of the Year while iomart client Stagecoach picked up the award for sustainability.

Commenting on the awards, Lindsay Gardiner, regional leader at PwC in Scotland, said: “It’s crucial that we continue to champion the pivotal role played by the private sector in creating jobs, developing goods, delivering services and driving our economic rehabilitation here in Scotland and across the UK.

“By promoting enterprise and demonstrating that business is good for our communities and our country, we can help inspire the next generation of entrepreneurs and business leaders and generate an entrepreneurial revolution in our back yard.”

iomart Group acquisition Melbourne also picked up the award for Best Tech Deal at the Northern Tech Awards.

A Hold in this weeks IC - Cloud computing is already well established, but is likely to remain one of the key tech sector growth areas over the next few years. Inevitably
IOMART (IOM) has grabbed attention - the Glasgow-based company is one of the biggest cloud companies in Europe and is growing fast. Actually owning its infrastructure network and data centres does much to win trust and businesses are now far more comfortable switching to what is a much cheaper and more flexible way of hosting. Existing customers are putting more business Iomart's way, too,
and acquisitions are driving growth at the Easyspace division, which targets the low end, sub-£100 a year market. Iomart said last month that it expected consensus-busting adjusted pre-tax profit of £10.6m in the year to March 2013, up over 50% on 2012. Analysts at broker Peel Hunt are looking for adjusted EPS of about 7.7p and 9.7p for the current year. True a typical contract runs for two or three years, so there is reasonably good revenue visibility. However this kind of growth does not come cheap and a forward PE ratio of 24 is in line with peers both here and in the US.

As of Apr 26, 2013, the consensus forecast amongst 4 polled investment analysts covering Iomart Group Plc advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Mar 13, 2013. The previous consensus forecast advised that Iomart Group Plc would outperform the market.

Manchester Hosting Company launches recruitment drive

Posted on April 30, 2013


Online retailers boost Melbourne Server Hosting growth

Manchester tech company Melbourne Server Hosting, part of iomart Group plc, is looking for new recruits to support its growing business. In the first three months of 2013, Melbourne took almost 300 new orders for server hosting.

A growing number of e-retailers including BBC Television ‘The Apprentice’ contestant Susan Ma’s skincare brand, Tropic Skin Care have turned to Melbourne to support their online presence. Melbourne also provided new high-capacity server solutions for Manchester-based fashion brands AX Paris and Little Black Dress to support their recent TV appearances and primetime advertising campaigns.

Chris Marsh, Commercial Manager for Melbourne Server Hosting, said: “Many exciting retail brands are establishing significant UK and European markets through their growing online presence and we’re delighted that so many of them are turning to us for reliable, round-the-clock support.”

Melbourne employs 30 staff at its data centres and offices on the Manchester Technopark. To ensure it continues to deliver 24/7 technical support for all its customers it is looking to employ the following: a datacentre engineer, a Linux system administrator, a business development manager and a finance and administration assistant.

Rajesh Joshi, Brand Manager for Melbourne Server Hosting, said: “We’re looking for talented people to join the Melbourne family and help support our continuing growth. Not only will you get to join one of the most fun, creative and forward-thinking hosting companies in the UK, you’ll also get to work in some of the funkiest offices too.”

Melbourne’s offices at Lovell House were voted among the UK’s top 10 coolest offices to work in by The Telegraph and are featured on Google Street View.

Melbourne Server Hosting is part of iomart Group plc www.iomart.com, which provides bespoke cloud and managed hosting from seven fully-owned and managed data centre locations across the UK which are connected by a high-speed fibre network.

Ziptech Services strengthens cloud services portfolio with iomartcloud

Posted on May 1, 2013


UK IT support company meets growing SME demand for cloud storage and backup

IT support company Ziptech Services, has turned to iomartcloud, part of iomart Group plc, to offer cloud storage, cloud backup and virtualisation to SMEs across the UK.

Ziptech Services says it is experiencing growing demand for cloud services from SMEs and is partnering with iomartcloud because of its ability to deliver reliable, secure and scalable cloud storage, cloud backup and web and email filtering plus its experience in virtual server infrastructures.

Jim Simpson, CEO of Ziptech Services, said: “We provide long-term IT support for a wide range of small to medium businesses. Virtually all of them have either indicated a desire or are in the process of moving to the cloud. There are so many benefits to the cloud: reducing capital costs; enablement of a mobile workforce and reducing IT administration; plus reducing your insurance premiums by not having to keep expensive IT equipment on site.”

Ziptech Services itself migrated to the cloud recently and says this should give its own clients the confidence to follow. “After all we wouldn’t ask them to do anything we hadn’t done ourselves,” Jim added.

iomartcloud is one of the UK’s leading suppliers of business critical hosted cloud services. Ziptech can centrally manage all its clients in the cloud via iomartcloud’s simple, web-accessed cloud control panel.

Perry Bowles, Technical Director of Ziptech Services, explained: “Aside from some excellent underlying technology and expertise, the main thing iomartcloud delivers is a single easy-to-use control panel that allows our engineers to manage our clients cloud resources from one place.”

Bill Strain, director of iomartcloud, said: “Our innovative control panel makes it easy to provision and administer cloud services for individual clients but manage them centrally, allowing our partners to reap the benefits of the evolving cloud environment.”
This entry was posted in Group News by ioadmin. Bookmark the permalink.

As of May 03, 2013, the consensus forecast amongst 4 polled investment analysts covering Iomart Group Plc advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Mar 13, 2013. The previous consensus forecast advised that Iomart Group Plc would outperform the market.

Share price forecast




The 5 analysts offering 12 month price targets for Iomart Group Plc have a median target of 264.00, with a high estimate of 290.00 and a low estimate of 190.00. The median estimate represents a 12.34% increase from the last price of 235.00.

iomart lands on UK public sector G Cloud

Posted on May 7, 2013


Scottish cloud and managed services company selected as supplier of IaaS, PaaS and SaaS

iomart Group plc (AIM:IOM), one of the UK’s leading providers of cloud and managed hosting services, has been selected for G-Cloud iii Framework, the latest iteration of G-Cloud, the pre-approved group of Cloud ICT suppliers to the UK Government.

iomart has been selected as a supplier of cloud services under Infrastructure As A Service (IaaS); Platform As A Service (PaaS); and Software As A Service (SaaS) for the CloudStore ICT catalogue which the UK Government established to encourage the adoption of cloud computing. The Cloudstore allows public sector organisations to purchase cloud services quickly and easily with minimal disruption or managerial involvement.

Angus MacSween, CEO of iomart Group plc, said: “We are delighted that our tender for inclusion in the newest version of G Cloud has been successful. G Cloud provides a different route to doing business with the public sector in the UK and we look forward to the opportunity to deliver our expertise and capabilities across the full range of cloud and managed IT services.”

Headquartered in Glasgow, Scotland and with offices and data centres across the UK, iomart specialises in the delivery and management of bespoke mission-critical private and hybrid cloud and managed IT infrastructures as well as providing a full range of cloud and software services such as cloud storage, backup and security solutions. Public sector clients include one of the UK’s biggest housing associations and a number of councils and education providers.

World Whisky Day Goes with iomart

Posted on May 7, 2013


UK cloud services company iomart Group plc (AIM:IOM) has come to the rescue of World Whisky Day after the website set up to celebrate Scotland’s most famous export crashed on launch day last year.

iomart has placed the World Whisky Day website on its Cloudsure platform to ensure that it enjoys 100 per cent uptime and can be accessed through all time zones for this year’s event which takes place on Saturday May 18.

Aberdeen University student Blair Bowman set up World Whisky Day after realising there was no designated day to celebrate the iconic spirit. He set up a website and asked people to post their events and messages but it crashed under the weight of interest from supporters across the globe.

Blair Bowman explained: “When I rang up the hosting company we were using in California they couldn’t even find my details. They said it would take 48 hours to fix and I said it can’t because it’s World Whisky Day today! I ended up manually inputting hundreds of events myself. Thankfully iomart have come to the rescue so the website won’t crash again. ”

Phil Worms, marketing director for iomart, added: “Blair got a fantastic response to his launch of World Whisky day last year, it was even trending worldwide on social media, but he wasn’t able to capitalise on this because the website was on a server that couldn’t take the spike in traffic and the hosting company’s support staff weren’t responsive enough. We’ve put the website on our Cloudsure platform so that it has the scalable and reliable hosting plus round-the-clock technical support to ensure that this year’s event is the toast of the world whisky community.”

SHI International Chooses iomartcloud, Powered by EMC Technology, for Enterprise Cloud Backup and Disaster Recovery

Posted on May 8, 2013


SHI International Corp., one of North America’s top 20 IT solutions providers, has chosen iomartcloud’s enterprise cloud platform to deliver reliable and flexible backup solutions for its customers in the United States.

SHI selected iomartcloud’s platform because it delivers scalable, secure, and easy-to-manage enterprise-grade data backup and recovery through a more user-friendly interface. The partnership was announced at EMC World in Las Vegas.

SHI and iomart will work together to provide cloud Backup as a Service (BaaS) to businesses and organizations across the United States. SHI’s Backup as a Service is an end-to-end software and hardware backup and recovery solution that is delivered as a self or managed service.

Cloud Backup from iomartcloud adds next-generation intelligent data backup and recovery to protect organizations’ critical data in a simple, unified solution.

Through this BaaS system, IT departments gain a simple-to-use and easy-to-deploy enterprise-class managed service for both physical and virtual environments.

“Big Data offers organizations valuable insights into their business, but more companies need a simple way to store and secure their data assets,” said Richard Place, General Manager, Cloud Services at SHI International Corp. “SHI sought out iomart based on its extensive experience in the European market with BaaS and Disaster Recovery offerings based on EMC Avamar technologies. Our customers can now take advantage of iomartcloud’s advanced customer interface, which offers a more user-friendly and efficient experience when executing simple or even advanced backup and recovery tasks.”

SHI International is a $4.45 billion global provider of information technology products and services based in Somerset, New Jersey. iomartcloud supplies business-critical hosted cloud services through an extensive network of partners and is part of iomart Group plc (AIM:IOM), one of the UK’s leading cloud computing companies.

“This partnership will extend to SHI customers a secure and scalable data backup,” said Bill Strain, director of iomartcloud. “With our white-labeled product, powered by storage leader EMC’s technology, SHI can now provide customers with a full range of on- and off-premises backup solutions that ensure efficient and reliable data storage and recovery for customers.”

iomart Group Finance Director wins at FD’s Excellence Awards

Posted on May 10, 2013


iomart among media and technology awards winners

Richard Logan, the Director of Finance for iomart Group plc (AIM:IOM), has picked up one of the UK’s top financial management awards.

Richard was named Smaller Quoted Company Financial Director of Year at the FDs’ Excellence Awards in London last night. The awards, created by Real Business and held in association with the ICAEW and supported by the CBI, are the biggest national programme celebrating excellence in financial management.

_MG_0448

Angus MacSween, CEO of iomart Group plc, said: “Richard has played an important role in iomart Group’s strategy of organic and acquisitive growth which has helped us become one of the UK’s leading cloud computing companies. He is a friend as well as a colleague and I look forward to working with him to bring iomart further success.”

Richard Logan was not the only representative from a media and technology firm to scoop an award. Ian Griffiths, chief financial officer at ITV, picked up the prestigious FTSE 100 FD of the Year while FTSE 250 FD of the Year went to Rick Medlock, CFO of mobile satellite company Inmarsat.

Michael Izza, Chief Executive of ICAEW, said: “An award-winning FD is not just a financial controller; working closely with the CEO they play an integral role in developing and implementing company strategy. A knowledgeable and inspirational FD that demonstrates leadership and influence is as essential to the success of a business as a tenacious and visionary CEO. The FDs’ Excellence Awards are a fantastic way to recognise those FDs that are making a real difference to British businesses.”

iomart Group owns and operates data centres at seven locations across the UK connected via a high speed fibre network and specialises in the delivery of bespoke cloud and managed hosting. This week iomart announced that it has been selected for G-Cloud iii Framework, the latest iteration of G-Cloud, the pre-approved group of Cloud ICT suppliers to the UK Government.

iomart will be a supplier of cloud services under Infrastructure As A Service (IaaS); Platform As A Service (PaaS); and Software As A Service (SaaS) for the CloudStore ICT catalogue which the UK Government has established to encourage the adoption of cloud computing by the public sector.

iomart Group Private Cloud Services shortlisted for International Datacentre & Cloud Awards

Posted on May 16, 2013


iomart shortlisted in Private Cloud Services & Infrastructure category

iomart Group plc (AIM:IOM), is delighted to announce that it has been shortlisted as a finalist for the 6th International Datacentre & Cloud Awards 2013 for its Private Cloud Services & Infrastructure.

The Group was nominated for its Cloudsure platform which offers a fully resilient, secure, scalable and highly available private cloud solution enabling enterprises to scale their own computing, network and storage requirements in real time according to their needs.

Angus MacSween, CEO of iomart Group plc, said: “Speed and co-ordinating the delivery of many types of services is key to private cloud so iomart has developed Cloudsure to allow ease of provisioning and management as well as investing in our own private fibre network to deliver securely and at the highest speeds right up to our customers’ door.”

Ashley Davies, chairman of the Judges Panel for the International Datacentre & Cloud Awards, commented: “This year’s nominations once again demonstrate the very high levels of competency that companies engaged in the datacentre and cloud service sector need to attain.

“We are entering an extraordinary period of radical change in the data centre fabric, in Cloud, modular, DCIM software, and new innovations in cooling and electrical power. This means players must be agile and able to respond to demand for flexibility, IT expertise, new ways in procurement, and achieve vertical market expertise, cost and technical differentiation. The Awards process aims to reflect these trends and identify best in class for each category.”

The 6th International Datacentre & Cloud Awards are organised by international consulting firm Broad Group.

Philip Low, managing director of BroadGroup, added: “In 2013 the Awards will again provide new benchmarks of aspiration for the companies shortlisted and world class recognition for winners,”

The full shortlist is available here. The winners will be announced at the Awards ceremony on 13th June at the prestigious One Whitehall Place in central London.

Posted on May 20, 2013


World’s largest gardening charity picks hybrid hosting

www.rhs.orgiomart Hosting, part of AIM-listed iomart Group plc, has helped the Royal Horticultural Society (RHS), the world’s largest gardening charity, to create a secure, resilient and scalable IT infrastructure to meet the online demands of its growing global membership and its staff.

RHS turned to iomart Hosting after deciding its historic central London headquarters, the Royal Horticultural Halls in Vincent Square, Westminster, were no longer suitable to act as the charity’s data centre.

Robert Reilly, Head of IT for the Royal Horticultural Society, says, “We are a registered charity and rely on subscriptions, donations and sponsorship to fund our work, so how we deliver value back is hugely important. It was no longer economical for us to be using Vincent Square for our server hosting so we needed a new and efficient way of operating and managing our IT. iomart Hosting offered the world class, resilient, Enterprise data centre facilities that we needed at a price we could afford.”

iomart Hosting used its expertise in providing highly available, high performance VMware solutions and its Enterprise infrastructure to build a hybrid cloud platform for RHS in its secure London data centre.

The 200 year old RHS has over 400,000 members and is responsible for a series of world-class horticultural shows including the Chelsea Flower Show which celebrates its centenary this week. Its Patron Her Majesty Queen Elizabeth II will visit the Show today before it opens to the public.

The main RHS website which provides gardening advice, horticultural research and tickets to RHS events is supported by iomart’s Cloudsure platform which allows capacity to be scaled easily and quickly in the event of spikes in traffic. The RHS’s internal systems sit on a large secure, private cloud.

Robert Reilly continues, “There were three specific things we needed to achieve with the move to iomart’ s data centre – UPS, connectivity and a high level of security. We now have a super-fast network that connects all our outlying offices with our headquarters, allows members quick access to our vast archive of horticultural information and images, protects their personal details and keeps us online 24 hours a day.”

Sarah Haran, managing director of iomart hosting, says, “Our technical teams work with organisations to ensure that they have the bespoke mission-critical infrastructure that best supports their needs. We are proud to be helping the RHS deliver a high value hosting platform to its members and supporters.”

Final results Wednesday 29 May

iomart group PLC (IOM:LSE) set a new 52-week high during today's trading session when it reached 249.12. Over this period, the share price is up 79.93%.

Final Results

FINANCIAL HIGHLIGHTS

· Revenue growth of 29% to £43.1m (2012: £33.5m)

· Adjusted EBITDA1 growth of 48% to £16.5m (2012: £11.2m)

· Adjusted profit before tax growth2 of 56% to £10.7m (2012: £6.9m)

· Adjusted basic earnings per share3 from operations increased by 21% to 8.46p (2012: 6.99p)

· Cashflow from operations increased by 54% to £14.8m (2012: £9.6m)

· Adjusted EBITDA1 margins increased to 38% (2012: 33%)

· Proposed final dividend increased by 56% to 1.40p per share (2012: 0.90p per share)



OPERATIONAL HIGHLIGHTS

· Acquisition of Melbourne Server Hosting Limited for a total consideration of £6.7m

· Acquisition of Skymarket Limited for a maximum consideration of £1.4m

· Acquisition of Internet Engineering Limited for a maximum consideration of £1.4m

· Deployment of resilient UK fibre network across all datacentres

· Commencement of fit out of additional 600 racks of datacentre space

Statutory Equivalents

The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The statutory equivalents of the above results are as follows:

· Profit before tax growth of 49% to £8.7m (2012: £5.8m)
· Basic earnings per share from operations increased by 11% to 6.91p (2012: 6.22p)

RNS


RNS Number : 7386F

Iomart Group PLC

29 May 2013








29 May 2013

iomart Group plc

("iomart" or the "Group" or the "Company")



Final Results for the Year ended 31 March 2013



iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated final results for the year ended 31 March 2013.



FINANCIAL HIGHLIGHTS



· Revenue growth of 29% to £43.1m (2012: £33.5m)



· Adjusted EBITDA1 growth of 48% to £16.5m (2012: £11.2m)



· Adjusted profit before tax growth2 of 56% to £10.7m (2012: £6.9m)



· Adjusted basic earnings per share3 from operations increased by 21% to 8.46p (2012: 6.99p)



· Cashflow from operations increased by 54% to £14.8m (2012: £9.6m)



· Adjusted EBITDA1 margins increased to 38% (2012: 33%)



· Proposed final dividend increased by 56% to 1.40p per share (2012: 0.90p per share)





OPERATIONAL HIGHLIGHTS



· Acquisition of Melbourne Server Hosting Limited for a total consideration of £6.7m



· Acquisition of Skymarket Limited for a maximum consideration of £1.4m



· Acquisition of Internet Engineering Limited for a maximum consideration of £1.4m



· Deployment of resilient UK fibre network across all datacentres



· Commencement of fit out of additional 600 racks of datacentre space



Statutory Equivalents



The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The statutory equivalents of the above results are as follows:



· Profit before tax growth of 49% to £8.7m (2012: £5.8m)

· Basic earnings per share from operations increased by 11% to 6.91p (2012: 6.22p)











1 Throughout this statement adjusted EBITDA is earnings before interest, tax, depreciation and amortisation (EBITDA) before share based payment charges and acquisition costs. Throughout this statement acquisition costs are defined as acquisition related costs and non-recurring acquisition integration costs.

2 Throughout this statement adjusted profit before tax is profit before tax, amortisation charges on acquired intangible assets, shared based payment charges, mark to mark adjustments in respect of interest rate swaps and acquisition costs.

3 Throughout this statement adjusted earnings per share is earnings per share before amortisation charges on acquired intangible

assets, shared based payment charges, mark to mark adjustments in respect of interest rate swaps and acquisition costs, including the taxation effect of these.

4 At the start of the financial year some of the customers of Titan Internet Limited, which was acquired in October 2010, were transferred from the Hosting segment to the Easyspace segment. All of the appropriate comparative figures for the previous financial year for both segments have been restated to reflect that transfer. Details of the comparative figures before the effect of the transfer have been included in the Segmental Analysis note.







Angus MacSween, CEO commented,



"This has been another excellent trading period for iomart, delivering substantial growth both organically and through successful acquisitions. Trading since the year end remains encouraging and in line with our expectations. We continue to be well placed to deliver an ever wider range of cloud services and with our growing credibility and strength we expect to be able to penetrate further into the corporate environment. Our experience and skills are growing and we continue to improve and invest in our systems and people to support further significant growth. I look forward once again with confidence to the year ahead."