Canada’s Volaris scuppers Huge Group’s bid for Adapt IT
Canadian software group Volaris makes a cash offer to acquire the JSE-listed specialised software services provider.
Adapt IT reduces debt, proves resilient in the face of COVID-19
In the six months to 31 December 2020 attributable profit after tax increased 37% to R28 million, and cash generated from operations increased 67% to R124 million.
Adapt IT debt strategy pays off, cuts debt interest by R8m
The company says it has shown resilience in a year most businesses were affected by the COVID-19 pandemic and other macro-economic factors.
Adapt IT Holdings to present interim trading update
The company's cash generation from operations was strong, with the cash balance up by 93% to R142 million.
Adapt IT delivers robust performance
Cash generated from operations improved by 27% to R227 million.
Adapt IT prioritises debt repayment, withholds dividend
The company prioritises the reduction of borrowing and preserving cash for the financial year ended 30 June, and as a result, no dividend was declared.
Adapt IT still striving for growth
Revenue increased by 10% to R721 million and EBITDA remained level at R106 million.
Adapt IT profit slumps, no dividend
The company fails to declare a dividend on the back of decreased profit for the six months to December 2019.
Adapt IT unit Conor hit by massive data breach
The company’s exposed information includes daily logs of user activity by customers of ISPs using Web filtering software.
2019 IT personality, Visionary CIO awards finalists revealed
The IITPSA announces 2019 President’s Awards shortlist, which includes top veterans, change makers and innovators for the year.
Underperforming energy segment hurts Adapt IT profit
The company’s profit declines to R76 4 million, resulting in Adapt IT deferring its dividend decision until year-end.