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AdEPT: results underwhelm
AdEPT Technology Group (LON: ADT), a leading provider of managed IT services announced results for the six months ended 30 September 2020. While the numbers have held up reasonably well, we were actually anticipating somewhat better over a time when many businesses meaningfully increased expenditure on IT to support operations and remote working.
Revenue fell 7.6% to £28.5m and adjusted profit after tax was 20.5% lower at £3.1m. The statutory results were a…
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