Scotland business

Profits soar at cloud computing firm Iomart

Cloud computing firm Iomart has reported an increase in full-year profits of more than 50% to £10.7m.

Revenues at the group for the 12 months to the end of March rose by 29% to £43.1m.

During the year, the Glasgow-based company made a number of acquisitions, totalling £9.5m.

Iomart's chief executive, Angus MacSween, said it had been "another excellent trading year" for the company.

He added: "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."

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