Browsing: Adapt IT

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%

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Adapt IT expects big leap in earnings

Durban-headquartered technology services group Adapt IT expects headline earnings per share (Heps) to rise by as much as 47,4% in the six months ended 31 December 2015, it said in a statement on the JSE’s stock exchange news service on Thursday. The fast-growing

In-depth
Best and worst performing tech shares in 2015

Huge Group, Adapt IT and Net1 UEPS Technologies top the list of the best performing technology shares on the JSE in 2015. In a difficult economic environment, the three counters have far outperformed the overall market, adding 95,2%, 58,5% and 55,5% respectively over the past 12 months

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Autopage sale gets commission nod

The Competition Commission has recommended to the Competition Tribunal that the sale of Altech Autopage’s subscriber bases to mobile operators Vodacom, MTN and Cell C be approved without

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Adapt IT in R200m software acquisition

isted technology group Adapt IT has announced it will acquire specialist software firm CQS Investments for R216,8m. CQS Investments is a 20-year-old company with 4 000 clients. It develops its own software and distributes software developed by third-party companies CaseWare

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IT shares caught up in market rout

IT and telecommunications shares took a pounding on Monday as a global stock market rout hammered the JSE. Big companies such as MTN and EOH were trading sharply lower as investors fled shares for safer assets