Browsing: Adapt IT

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

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

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

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

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

Robust performance from Adapt IT

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

SA’s best performing technology shares

If you’d invested R40 000 in the shares of Durban-based technology company Adapt IT five years ago, you’d be a millionaire today. Adapt IT’s shares have risen by a spectacular 2 400% in the past five years, making it the best performing technology counter on the JSE

Adapt IT earnings rise 35%

Durban-based IT services company Adapt IT has turned in another strong set of financial results. Headline earnings per share climbed by 35% to 18,6c in the six months ended 31 December 2014 on the back of a 38% improvement in revenue to R261m. Growth came from

Adapt IT in R200m telecoms acquisition

Fast-growing JSE-listed Adapt IT has acquired 100% of the equity of AspiviaUnison, a cloud telecommunications service provider, in a deal worth as much as R200m. The Durban-based Adapt IT will acquire all intellectual property and technology