Browsing: Sbu Shabalala

News
Adapt IT leaps higher on strong results

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

News
Strong interim performance from Adapt IT

Adapt IT on Wednesday issued a strong trading update, telling shareholders that it expects headline earnings per share to rise by between 20% and 25% for the six months ended 31 December 2017, despite

News
Adapt IT predicts rise in organic growth

Adapt IT CEO Sbu Shabalala believes the JSE-listed software group is weathering South Africa’s tough economic conditions well and has said it will lift organic growth in the new financial year above the

News
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

News
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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