Systems Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 10:37 am EDT
Share
Systems Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PKR 14,144.62 million compared to PKR 8,681.6 million a year ago. Net income was PKR 1,852.8 million compared to PKR 2,150.43 million a year ago. Basic earnings per share from continuing operations was PKR 6.36 compared to PKR 7.72 a year ago. Diluted earnings per share from continuing operations was PKR 6.31 compared to PKR 7.67 a year ago.
For the nine months, sales was PKR 37,333.79 million compared to PKR 20,144.85 million a year ago. Net income was PKR 7,146.33 million compared to PKR 5,115.84 million a year ago. Basic earnings per share from continuing operations was PKR 24.57 compared to PKR 18.47 a year ago. Diluted earnings per share from continuing operations was PKR 24.38 compared to PKR 18.37 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 
