Adapt IT’s profit slides as weak SA economy takes its toll
Accounting changes also weigh on technology group, with headline earnings per share falling 35%
Adapt IT, which on Monday reported a fall in earnings, is looking for growth outside SA and in the public sector, says its group CEO, Sbu Shabalala.
In an interview, Shabalala said Adapt IT’s international business accounts for 27% of revenues. This is up from 22% in the previous comparative period, with the aim to get this to about 30%, he said. Once done, the company will probably aim for an even higher contribution from its international operations. Adapt IT has operations in 32 African countries...