Browsing: Adapt IT

News
JSE’s best and worst performing tech stocks

Two former high-flying IT services companies have been the laggards on the JSE in 2017 so far. EOH and Adapt IT have underperformed all other IT stocks, falling by 33.9% and 42.4% respectively to mid-August. The two companies have fallen

News
Adapt IT to buy Micros for R61m

JSE-listed Adapt IT has reached an agreement to buy technology company Micros for R61,3m. Micros provides software, hardware, enterprise systems integration, consulting, support and

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Adapt IT’s acquisition strategy pays off

Organic growth at small-cap technology stock Adapt IT has slowed from 9% to 4% as clients in the higher education, manufacturing, resources and banking segments curb their spending in the face

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Adapt IT turnover surges on CQS deal

Adapt IT’s interim turnover has jumped 48% compared to a year ago, although disappointing growth in organic revenue helped put the share price under some pressure on Monday. For the six months ended 31 December 2016, turnover rose 48% to

In-depth
Adapt IT defies gravity

Small cap IT company Adapt IT is on track to achieve its revenue goal of R3bn by 2020, says CEO Sbu Shabalala. It is an ambitious objective considering the company turned over R803m in its financial year to June

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Adapt IT hikes dividend on strong earnings

Not all companies are feeling the pinch of South Africa’s zero-growth economy. Listed technology services group Adapt IT said on Thursday that it has grown headline earnings per share by 36% on the back of a 38%

In-depth
The rise and rise of Adapt IT

Some companies are more robust in the face of a consumer downturn than others, and companies that provide vital services are always going to fare better than those that rely on discretionary spend. Software and service provider Adapt IT is proving that

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Adapt IT grows Heps by 42%

Durban-headquartered technology services group Adapt IT has reported a 42% improvement in headline earnings per share to 23,96c in the six months ended 31 December 2015. The strong growth in Heps comes on top of a 19% improvement in turnover to R310m and a 50%