
27 Nov 2024
iomart - Interims: Bigger, better, bolder becomes reality
The trading update in October has already highlighted the challenges of the period to September 1H25, including churn in self-managed infrastructure and changes to the Broadcom/VMware licensing. Despite 30% growth in order bookings, achieving record levels, flat revenue performance at £62m in 1H25 included £3.7m of revenue related to previous acquisitions, implying organic revenue contraction– but these things we know already. Taking a step back, CEO Lucy Dimes announced her “Bigger, Better, Bol ....

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iomart - Interims: Bigger, better, bolder becomes reality
iomart Group plc (IOM:LON) | 29.6 0.1 1.0% | Mkt Cap: 33.3m
- Published:
27 Nov 2024 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
12 -
The trading update in October has already highlighted the challenges of the period to September 1H25, including churn in self-managed infrastructure and changes to the Broadcom/VMware licensing. Despite 30% growth in order bookings, achieving record levels, flat revenue performance at £62m in 1H25 included £3.7m of revenue related to previous acquisitions, implying organic revenue contraction– but these things we know already. Taking a step back, CEO Lucy Dimes announced her “Bigger, Better, Bol ....