Browsing: Sbu Shabalala

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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 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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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

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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

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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

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Adapt IT shoots up on deal talks

The share price of Durban-based technology services company Adapt IT shot up by more than 10% on Tuesday morning after it said it was in talks about a possible acquisition. The fast-growing company, which in August reported a 55% improvement in full-year headline earnings per share on the back of strong revenue

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Adapt IT profits, revenue surge higher

Durban-based technology services company Adapt IT has grown headline earnings per share by 55% to 34,55c in its 2014 financial year, which ended in June. That was on the back of a 34% rise in revenue to R406,3m and a 69% improvement in operating profit to R49,6m. On the

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Adapt IT in R98m SAP buy

JSE-listed Adapt IT has acquired a 100% stake in South African oil and gas consultancy Aquilon in a deal worth R98m. The acquisition will allow Adapt IT to expand into Africa’s fast-growing energy sector and strengthen its SAP solutions expertise. Aquilon