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Adapt IT has reported a turnover increase of 19% to R310 million in its interim results for the six months ended 31 December 2015, with organic and acquisitive growth contributing 13% and 6% respectively.

The firm lists Botswana, Ghana, Malawi, Mozambique, Namibia, Rwanda, Swaziland, Tanzania and Zambia as among the countries it is engaging on the continent. These countries make up Africa's 10% contribution to the company's overall revenue, with the largest individual contribution being 1,6%.

The company's Africa strategy remains the same, with the opening of the Botswana office being the most recent development.

Looking ahead, the most pressing challenge is skills and relevant investment to boost the South African ICT sector. "Adapt IT, together with the rest of the ICT industry, is continuously investing in skills development," read a response from the company.

Results also showed an increase of 50% in operating profit to R53 million, with interim headline earnings per share increased in line by 42%.

The company's acquisition of CQS Investment Holdings has been approved and has been consolidated with effect from 31 December 2015.

This deal is said to have bolstered the financial services segment of Adapt IT. "We are excited to have the CQS team join the Adapt IT Group of like-minded people with a passion for delivering high value software solutions to our clients" said Adapt IT CEO Sbu Shabalala.

The geographic diversification has resulted in South Africa representing 72% of turnover, with 10% from other African countries and 18% from global customers.

"Despite the challenging market conditions, our outlook remains positive as we continue to build on the strong well-diversified foundation, to create a sizeable leading ICT business that delivers above ICT sector average growth and returns." concludes Shabalala.

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