Systems Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 26, 2021 at 01:00 pm IST
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Systems Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PKR 3,500.303 million compared to PKR 2,327.520 million a year ago. Operating income was PKR 769.336 million compared to PKR 534.478 million a year ago. Net income was PKR 938.992 million compared to PKR 546.997 million a year ago. Basic earnings per share from continuing operations was PKR 6.83 compared to PKR 4 a year ago. Diluted earnings per share from continuing operations was PKR 6.77 compared to PKR 3.98 a year ago. For the half year, sales was PKR 6,548.070 million compared to PKR 4,559.370 million a year ago. Operating income was PKR 1,532.439 million compared to PKR 879.947 million a year ago. Net income was PKR 1,556.726 million compared to PKR 1,079.608 million a year ago. Basic earnings per share from continuing operations was PKR 11.34 compared to PKR 7.92 a year ago. Diluted earnings per share from continuing operations was PKR 11.21 compared to PKR 7.87 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.