Oct 26 2020

Adapt IT holds on to dividend as Covid-19 pummels economy

by Karl Gernetzky
Group expects a bump from education and telecoms sectors as pandemic boosts demand for online learning and services related to working from home Technology group Adapt IT, which provides software to many different industries, has opted to hold on to its final dividend as Covid-19 batters the SA economy, particularly manufacturing and tourism. The group expects a bump from the education and telecoms sectors as the pandemic boosts demand for online learning and services related to working from home, but says it also wants to be conservative with its cash. The Johannesburg-based company, which provides software solutions to the education, manufacturing, energy, financial services, communications and hospitality sectors, said on Monday that the pandemic had a mixed effect on demand during its year to end-June. Revenue increased 3% to R1.48bn to end-June, before accounting changes that brought leases on to the balance sheet, while earnings before interest, taxation, depreciation and...Read More
Oct 26 2020

Adapt IT shows remarkable resilience amid Covid storm

by Duncan McLeod
Software services group Adapt IT on Monday published full-year financial results to 30 June 2020 that showed remarkable resilience in the face of the Covid-19 pandemic and lockdown....Read More
Oct 13 2020

Adapt IT shares jump 165.5% in two weeks

by Duncan McLeod
Following its bullish trading statement....Read More
Oct 07 2020

Adapt IT sees FY earnings rising by 29%

by Telecompaper
South African technology group Adapt IT says it expects its headline earnings per share to increase by between 24 percent and 29 percent when it announces its annual financial results on 26 October. In a trading statement, AdaptIT said although the bourse listing requirements do not compel it to disclose these anticipated changes, it values transparency with its investors and other stakeholders. It expects earnings per share (EPS) to increase by between 9 percent and 14 percent....Read More
Oct 02 2020

Adapt IT shares jump 60% on bullish trading statement

by Duncan McLeod
JSE-listed software services company Adapt IT saw a massive jump in its share price on Wednesday after it issued a surprisingly upbeat trading statement....Read More
Sep 28 2020

CaseWare Africa launches ISRS Agreed-Upon engagements

by Adapt IT
CaseWare Africa, a division of Adapt IT, has released details of its latest addition to the assurance product suite: ISRS Agreed-Upon....Read More