Sep 11 2019

Adapt IT partners with i-Chain to offer cloud-based fixed asset management solutions

by Adapt IT
The Education Business division of the Johannesburg Stock Exchange-listed leading specialised software provider, Adapt IT, today announced a partnership with i-Chain, a fixed asset management services and solutions company from South Africa. The partnership is aimed at providing a Web-based system that offers easy access to a cloud-based environment, allowing education institutions to manage their assets....Read More
Mar 27 2019

Interim Group Results for the Six Months Ended 31 December 2018

by admin
Adapt IT interim results 31 December 2018 Turnover for the interim period decreased to R667.2 million (2017: R676.2 million), gross profit increased to R405.8 million (2017: R392.5 million), profit from operations rose to R86.3 million (2017: R86.2 million), profit attributable to equity holders of the parent lowered to R45.1 million (2017: R47.5 million), while headline earnings per share grew to 29.89 cents per share (2017: 29.70 cents per share). DividendOrdinary dividend number 16, in respect of the year ended 30 June 2018, of 17.10 cents per share on a four times dividend cover ratio, was paid to shareholders on 25 September 2018. It is AdaptIT's policy to declare a dividend after financial year end and not at the interim reporting date. OutlookDespite the current market conditions, our medium and longer-term outlook is optimistic as we continue to build upon the strong foundation we have established to create a sizeable, scalable, leading ICT business. ...Read More
Aug 14 2018

Adapt IT – trading statement

by admin
A review by management of the financial results for the year ended 30 June 2018...Read More
Aug 12 2018

WATCH: Pursuit of growth pays off for Adapt IT

by admin
The pursuit of organic and acquisitive growth appears to have paid off for software provider Adapt IT. The company reported a 46% jump in turnover to R674m for the half year to end-December....Read More
Aug 01 2018

Adapt IT to report higher earnings - techcentral

by admin
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 year ended 30 June 2018....Read More
Jul 05 2018

Adapt IT buy-back adds fizz to share rally

by admin
Shares in software company Adapt IT, which has used surplus cash to buy back 3.1% of its own shares in recent months, have rebounded as much as 28% since the start of June....Read More