LONDON (Alliance News) - Cloud computing company Iomart PLC on Thursday said it expects profit to rise in the financial year to the end of March in line with market expectations.
Iomart expects its pretax profit to grow to GBP18.8 million from GBP16.6 million the year earlier.
The company said it has benefited from a strong organic sales performance in the year, along with contributions from the acquisitions it had made, which served to grow its market share.
Iomart will publish annual results on June 7.
"Iomart has delivered yet another solid year of growth. The long-term opportunity remains very real, and Iomart continues to broaden its cloud skills, experience and breadth of management to ensure it is well positioned for future growth," said Chief Executive Angus MacSween.
Iomart shares were up 3.8% to 272.21 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Iomart (IOM)