Durban-based technology services company Adapt IT has turned in a robust 35% improvement in headline earnings per share on the back of a 42% increase in turnover to R575,3m for the year ended 30 June 2015.
The top-line performance was driven by both organic and acquisition-based growth in sales. Adapt IT’s biggest acquisition during the year was of telecommunications software provider AspiviaUnison.
Organic growth was underpinned by strong demand in the higher education sector, said CEO Sbu Shabalala.
About 77% of Adapt IT’s revenue is generated in South Africa, with a further 10% coming from the rest of Africa and the remaining 13% from worldwide customers.
Operating profit margin expanded from 12% in the same period in 2014 to 16% in the 12 months to June. All segments of the business grew turnover and operating profit, Adapt IT said.
The company declared a dividend of 10,9c/share, an increase of 32% over 2014’s dividend. The 2015 dividend will be paid to shareholders in September. Adapt IT does not pay an interim dividend.
- The writer holds shares in Adapt IT
