Adapt IT is the best-performing IT company on the JSE, with over 2,000% growth over the last five years.
This means that if you invested R50,000 in the company in 2010, you would now have over R1,000,000.
This growth is continuing, and over the last 12 months the company’s share price has shown a 74.6% increase.
Adapt IT’s latest results show that revenue for the year shot up to R578 million (from R408.5 million).
Gross profit jumped to R276.2 million (up from R178.5 million), while profit from operations rose to R93.8 million (up from R49.7 million).
The graph below shows the growth of the Adapt IT share price over the last five years