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Iomart Group plc ( (GB:IOM) ) has provided an update.
Iomart Group plc reported a 25% increase in revenue for the first half of the financial year, driven by the acquisition of Atech and growth in Microsoft-connected activities. Despite a decline in traditional business revenue and a shift towards lower-margin services, the company achieved cost efficiency improvements and anticipates stronger performance in the second half, supported by positive order bookings and reduced customer churn.
The most recent analyst rating on (GB:IOM) stock is a Hold with a £20.50 price target. To see the full list of analyst forecasts on Iomart Group plc stock, see the GB:IOM Stock Forecast page.
Spark’s Take on GB:IOM Stock
According to Spark, TipRanks’ AI Analyst, GB:IOM is a Neutral.
The overall stock score of 49 reflects significant financial challenges, with declining profitability and increased leverage being the most impactful factors. Technical analysis provides some short-term support, but valuation concerns due to negative earnings persist.
To see Spark’s full report on GB:IOM stock, click here.
More about Iomart Group plc
Iomart Group plc is a leading UK provider of secure cloud managed services, specializing in cloud infrastructure, modern workplace management, and managed security services. The company is recognized for its extensive Microsoft credentials and partnerships, including Azure Expert MSP and membership in Microsoft’s Intelligent Security Association, as well as being a top-tier Broadcom Pinnacle Partner for VMware Cloud.
Average Trading Volume: 442,773
Technical Sentiment Signal: Sell
Current Market Cap: £24.36M
For a thorough assessment of IOM stock, go to TipRanks’ Stock Analysis page.