4Sight H1 revenue up 20.1%

Technology group 4Sight Holdings has reported a 20.1% increase in revenue for the first half of the year, alongside a significant rise in profits. The company's CEO, Tertius Zitzke, attributed this growth to the increasing demand for artificial intelligence (AI) solutions in the market. 4Sight focuses on three main sectors: operational technology, information technology, and the convergence of OT and IT known as the business environment. Zitzke highlighted the importance of data and digital enterprise in developing AI solutions for business users. He emphasized the role of co-pilots and AI in streamlining and optimizing business processes, enabling better decision-making. 4Sight's success is also reflected in its partnerships with over 900 channel partners across Africa and the Middle East, distributing software from vendors like Microsoft and SAGE. Zitzke pointed out the potential for AI growth in Africa, noting Microsoft's plans to build the largest Azure data center in Kenya. He expressed optimism about the impact of AI on businesses in Africa, emphasizing the company's focus on enhancing decision-making processes for its customers. Despite challenges like regulatory hurdles and infrastructure limitations in Africa's tech landscape, Zitzke remains encouraged by the progress made by clients and potential customers in adopting new technologies. He underscored the mobile-first nature of the market and the importance of connectivity in driving business innovation. Zitzke highlighted 4Sight's presence in mining and industrial sectors, where the company saw a 20% revenue increase, driven by value-added services and productivity improvements. Zitzke also mentioned the potential for collaboration with Starlink in the future, citing the importance of real-time processing at the edge. While discussions are in early stages, he noted the advancements in revenue systems in African countries like Zambia, signaling the region's tech-forward approach. Regarding dividends, 4Sight opted not to declare one in the current period, focusing instead on investments to fuel future growth. Zitzke emphasized the company's strong cash position post-COVID and its intention to explore opportunities for expansion and talent acquisition. Overall, 4Sight's performance in H1 reflects the growing significance of AI in driving business solutions and the company's strategic focus on leveraging technology to empower its clients. As the tech landscape continues to evolve, 4Sight remains well-positioned to capitalize on emerging opportunities and contribute to the digital transformation of businesses in Africa and beyond.