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COMPUTER HARDWARE & SERVICES | IT Services / Infrastructure & Hosting

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About Easyspace

Easyspace is a domain name and web hosting company that specializes in web hosting, domain name registration, email servers, virtual private server, dedicated server, e commerce hosting, SSL certificates, and build a website. It is based in Glasgow, Scotland.

Easyspace Headquarter Location

Lister Pavilion, Kelvin Campus West of Scotland Science Park

Glasgow, Scotland, G20 0SP,

United Kingdom

Latest Easyspace News

Iomart hails 'resilient' results during pandemic

Jun 15, 2021

Iomart hails 'resilient' results during pandemic Revenue, earnings and profits only marginally reduced during 2020 Sign up to FREE email alerts from businessInsider - DailyInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with our Privacy Notice. Thank you for subscribingWe have more newsletters Show me See our privacy notice Cloud computing company Iomart has hailed 'resilient' results, with revenue for 2021 only dropping marginally to £111.9m, from £112.6m the previous year. The annual report noted that much of that was down to money spent on non-recurring revenue following recent acquisitions. The business spent £900,000 on its Easyspace domain name for hosting mass business. The company’s earnings before tax were £41.4m for the year - down from £43.5m in 2020 - with the total profit before tax coming in at £12.5m - from £16.8m. Non-executive chairman Ian Steele praised recently-appointed chief executive Reece Donovan for the medium to long-term strategy which took the company through the pandemic, following founder and lon-time chief executive Angus MacSween's retirement. In order to do this, the company will make further acquisitions, expand its services with a focus on hybrid cloud, security, the future digital workplace and connectivity. Donovan wants to protect and expand run rate revenue and earnings, in order to give the company more cash flow to spend. Iomart's cloud services grew by £100,000 to take it to £99.9m, while Easyspace has made £11.9m this year so far. Donovan will focus on expanding the company’s cloud services, noting difficulties in expanding its Easyspace system, which was reduced from £12.8m in 2020. Expansion will require a more “commoditised market with the need for a high marketing budget”, so will focus on retaining its existing clientele. Iomart agreed a final dividend of 4.50p per share, which was higher than last year's 3.93p per share, with a total dividend ending at 7.10 per per share, to reflect the company’s “strong” position. Read More Chief executive Donovan commented: “Our focus during the year was on the protection of our people and the business and our team responded with commitment, resilience, and dedication. “We have identified a significant market opportunity, growing our propositions in hybrid cloud, security, the digital workplace and connectivity, supporting our customers as they adapt to new ways of working now and in the future. “We have proven the robustness of our business, underpinned by high levels of recurring revenues, breadth of customer base and strong cash generation.” Don't miss the latest headlines with our twice-daily newsletter - sign up here for free . Read More

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