Adapt IT turnover surges 25%

IT services group Adapt IT has reported a 25% rise in turnover for the year ended June 2017, to R993.7 million.

The group said that organic growth was 6% and acquisitive growth was 19%.

Revenue climbed to R996 million, from R803 million, while diluted headline earnings per share advanced 10% to 58.75 cents per share, from 55.21 cents in 2016.

Profit from operations improved to R151 million, from R136 million before, while the group declared a divined of 13.40 cents versus 10.90 cents in 2016.

Adapt IT acquired information technology group EasyRoster with effect from August 2016, in line with the company’s acquisitive growth strategy.

Looking ahead, it said that “acquisitions will be an ongoing hallmark of Adapt IT in line with its acquisitive growth strategy”.


Read: Adapt IT shows massive 32% jump in interim profit

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Adapt IT turnover surges 25%