Iomart cuts guidance as first-half profit falls during strategy switch
Iomart cuts guidance as first-half profit falls during strategy switch
Read moreFri, 03rd Dec 2021 12:21
Iomart cuts guidance as first-half profit falls during strategy switch
Read more(Sharecast News) - Cloud computing company Iomart warned on Friday that interim revenue and profits had slipped in the six months ended 30 September as the "slightly higher than usual" customer churn seen in the final months of the previous trading year continuing into the first half of the current one.
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Read more(Sharecast News) - Iomart reported "resilient" revenue through the Covid-19 pandemic in its final results on Tuesday, coming in at £111.9m, down marginally from the £112.6m it recorded in the 2020 financial year.
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Read more(Sharecast News) - Cloud computing company Iomart expects to deliver a "continued stable financial performance" in the second half of the year ended 31 March despite the UK's third Covid-19 lockdown weighing on its full-year performance.
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Read more(Sharecast News) - Cloud computing company Iomart said on Wednesday that it had made plans to majorly expand its network capacity in order to see future demand.
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