Software solutions firm Adapt IT has an enviable earnings record and looks poised to exhibit further strong and sustainable growth. Turnover has grown 29% compounded a year over the past five years, earnings before interest, taxation, depreciation and amortisation (ebitda) 38%, and headline earnings per share 17%. It is well-diversified in terms of activities and geographies and its proprietary software can be adapted quickly and at low cost into new areas and countries. Rather than competing head-on with large firms such as Microsoft, Oracle and SAP, Adapt IT has concentrated on high-margin niche activities. And although year to June 2017 earnings were flat, the group appears to be back on its high growth trajectory again.While players such as EOH and BCX, which operate in the services segment of the IT space, have done well until fairly recently, they are overly dependent on their mobile skilled personnel, who can walk out of the door at any time, taking their talents with them. O...

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