Iomart has reported revenue growth of 12% year-on-year to £115.6m, a record level for the cloud computing group.
Its final results for the year ended 31 March 2023 stated that the performance was due to a combination of improved customer renewal levels, organic revenue growth within core cloud managed services, inflationary pricing adjustments - primarily for data centre energy usage - and the acquisition of Concepta last August.
Concepta provided £6.2m of revenue, a positive profit contribution and has strengthened the group’s indirect routes to market.
