Diversification pays off for Adapt IT during Covid-19
Pandemic boosts demand for online education while hitting hospitality and manufacturing
09 March 2021 - 09:19
UPDATED 23 March 2021 - 17:13
Specialist software group Adapt IT, which is subject to a R800m takeover bid from tech peer Huge Group, said on Tuesday the diversity of its operations paid off amid Covid-19, with a bump in online education helping to offset pressure on other parts of the economy.
The Johannesburg-based company is also considering new markets, generating just more than a quarter of revenue offshore in its half year to end-December, from 17% in 2017...
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