Extraordinary JSE gains in the past 90 days ref lect the rate at which Adapt IT – t he s of t ware a nd c omputer ser vices f i rm – is growing and the conf i dence i nvestors have i n it s potential.
This development is not by chance. I n t he l a s t f e w yea r s , Adapt I T transformed itself from being a small Durban-based player to having its footprint across the globe.
Adapt IT now has customers in 18 countries in Africa, Asia, Australasia, Europe and North America, and it still maintains earnings growth.
In the six months to end December 2014, Adapt IT reported an 85% rise in operating profit to R38m.
Turnover was up 38% to R261m, boosted by positive contributions from the existing divisions’ organic growth of 11% and acquisitive growth contributing 27%.
Adapt IT CEO Sibusiso Shabalala c r e d i t s t he c onsisted g r owth t o h i s c o mpany ’ s s t r a t e g y, whic h involves unearthing South African entrepreneurs.
“We are creating a platform for entrepreneurs to explore their software i f necessa r y t hrough Adapt I T,” explains Shabalala.
“We aim to continue to grow our existing business organically and attract new entrepreneurs to come and join us in order for them to export their software globally through Adapt IT.”
Shabalala believes t his model is sustainable “because there is always a need out t here for differentiated solutions”.
The company’s market capitalisation has galloped to more than R1.2bn from