Companies looking to shift their operations to the cloud turned to iomart (IOM) in the reported period. Strong demand for 'hybrid cloud', which bundles access to public services such as Microsoft Azure and Amazon Web Services with private data storage drove adjusted cash profits up 13 per cent to £17.6m.
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Organic sales rose a tenth in the main cloud services division, which provides hosting and support to around 10,000 organisations. Payments to public cloud vendors rose, but the reduced burden on iomart's data centres lowered power and depreciation costs, widening the group's adjusted pre-tax profit margin by 1.4 percentage points to 25.2 per cent.