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(From Financial Mail)
Byline: Stafford Thomas
Creating value GROWTH IN PRESENT MARKET STRICTLY FOR THE FITTEST Only a few successful JSE-listed IT players in bear environment Strong profit growth in a booming market, often with the help of acquisitions funded by expensive paper, is one thing. In a depressed market, particularly such as the one experienced over the past two years, growth is an altogether different challenge and a telling indicator of management ability.
Few listed IT companies have been successful in the bear market acid test, with 17 out of 37 reflecting headline losses. Profit growth is even more rare, with only nine companies …