Systems Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 29, 2023 at 08:56 am EDT
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Systems Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PKR 12,490.42 million compared to PKR 6,130.43 million a year ago. Net income was PKR 1,414.25 million compared to PKR 1,765.01 million a year ago. Basic earnings per share from continuing operations was PKR 4.86 compared to PKR 6.34 a year ago. Diluted earnings per share from continuing operations was PKR 4.83 compared to PKR 6.3 a year ago.
For the six months, sales was PKR 23,189.16 million compared to PKR 11,463.25 million a year ago. Net income was PKR 5,293.53 million compared to PKR 2,965.41 million a year ago. Basic earnings per share from continuing operations was PKR 18.21 compared to PKR 10.67 a year ago. Diluted earnings per share from continuing operations was PKR 18.05 compared to PKR 10.62 a year ago.
Systems Limited is a Pakistan-based company, which is s principally engaged in the business of software development, trading of software and business process outsourcing services. The Company operates in four geographical segments: North America, Europe, Middle East, Africa and Others, and Pakistan. Its products include Partner Communication, Middleware Connector, Retail Analytics, HauteLogic, SysHCM and TrIPS. The Company provides a range of services, including consulting, implementation, managed services, and business process outsourcing. It serves a range of industries, including retail, financial services, public sector, insurance, healthcare, real estate, logistics, food services, transportation, oil and gas, education and telecommunication. The Company provides various solutions, including digital commerce, business applications, data management and analytics, business process outsourcing, cloud services, application development, and security.
SYSTEMS LIMITED 
