Nominate female innovators of the year

Rewarding innovation
Female Innovator of
the Year Award.

Wednesday, Oct 23rd

Africa helps boost Adapt IT’s turnover

Africa helps boost Adapt IT’s turnover.

Adapt IT Holdings' African operations played their part in boosting the company's results for the year ended 30 June 2014.

According to the specialised IT solutions and services provider, its foreign business -- with a specific focus on the rest of the African continent -- contributed 25% to total turnover.

The Johannesburg Stock Exchange (JSE) listed company has operations in East Africa, Asia, Australasia, United States and Europe.

Adapt IT's total turnover increased 34% to R406,3 million compared to R303,4 million last year.

In terms of AdaptIT's turnover contributions, the education sector contributed 30%, manufacturing 37%, energy 17% and financial services 16%, a statement noted.

"Our growth has exceeded the ICT industry averages with 33,9% turnover growth, 55% headline earning per share growth and total shareholder returns of 332%. This has not only attracted additional institutional following, but increased shareholder confidence in Adapt IT and its development strategy," said Adapt IT chief executive officer, Sbu Shabalala, in a statement.

Adapt IT also acquired the Aquilon group of companies, which now forms part of the Adapt IT Energy sector.

"This acquisition has provided entry into the oil and gas industry, extending our SAP solution competence, introducing supply chain management solutions and offering Adapt IT excellent future growth potential," explained Shabalala.

Shabalala added, "We have an improved structure, a more diversified portfolio and are solidly positioned to unlock further organic growth combined with additional strategic acquisitions."


Call for papers opens for ITWeb Cloud, Data Summit & DevOps Summit 2020 Published on 23 October 2019

The Cloud, Data Summit & DevOps Summit 2020 will be held on 11 February, at The Forum in Bryanston, and the call for papers is now open.

Orange, Global Fund unite to mobilise m-health solutions Published on 10 October 2019

Aim to speed up action against AIDS, tuberculosis and malaria.

MTN celebrates 25 years with 95% 4G coverage in SA Published on 10 October 2019

Pan-African mobile operator MTN today announced it has reached 95% 4G coverage across SA.