Iomart shines through cloud - FT.com Iomart, the Glasgow-based web hosting group, benefited from the continued shift of small- and medium-sized enterprises into "the cloud." Number Cruncher The group saw its heavy infrastructure investment a few years ago pay off, with revenue growth now feeding almost straight into the group's profitability. The effects were also felt in the group's balance sheet, with healthy cash generation over the period. Such is the buzz around cloud computing, that anything with the word "cloud" attached attracts a premium. Iomart is no exception. With a forecast pe of 26.4, the group is far more costly than the sector's average, which is 18.3. Strong cash generation and rapid growth, however, justify the expense. £4.1m n/a