Listed technology group Adapt IT reported a slight decline in revenue and flat earnings in the six months ended 31 December 2018 as the weak South African economy took its toll.
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JSE-listed Adapt IT is acquiring Australia’s Wisenet Group and Wisenet SG in a multimillion-rand deal that looks set to grow the South African software group’s presence in Australasia.
JSE-listed Adapt IT said on Monday it will acquire mobile technology specialist Conor Solutions for R80-million.
TechCentral’s interview with Brett and Mark Levy, the co-CEOs of Blue Label Telecoms, was by far TechCentral’s most popular podcast in September 2018, according to statistics from platform partner iono.fm.
In this episode of the podcast, Duncan McLeod interviews Sbu Shabalala, CEO of the fast-growing JSE-listed software specialist Adapt IT.
Adapt IT will continue aggressively to buy back its own “undervalued” shares, CEO Sbu Shabalala said.
Adapt IT has reported a 14% improvement in headline earnings per share for the year ended 30 June 2018 on the back of a 36% growth in turnover, much of which flowed through from the acquisition of Micros.
Shares in JSE-listed software company Adapt IT rose slightly on Wednesday afternoon after it said normalised headline earnings per share could increase by as much as 16% for the full financial year.
Listed software company Adapt IT has repurchased almost five million of its own shares – about 3.1% of its issued share capital – over the past six months, taking advantage of a depressed share price. The shares, which
A solid improvement in organic growth, coupled with the contribution of acquisition Micros, has propelled Adapt IT’s turnover higher by 46% in the six months to 31 December 2017. This in turn sent the software