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
Browsing: Sbu Shabalala
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
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%
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
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%
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
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
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
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
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