Systems Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 28, 2020 at 03:42 am EDT
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Systems Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was PKR 2,509.248 million compared to PKR 1,891.595 million a year ago. Operating income was PKR 550.660 million compared to PKR 377.633 million a year ago. Net income was PKR 551.723 million compared to PKR 347.470 million a year ago. Basic earnings per share from continuing operations was PKR 4.43 compared to PKR 2.83 a year ago. Diluted earnings per share from continuing operations was PKR 4.36 compared to PKR 2.81 a year ago. For the nine months, sales was PKR 7,068.619 million compared to PKR 5,472.374 million a year ago. Operating income was PKR 1,430.607 million compared to PKR 996.411 million a year ago. Net income was PKR 1,631.331 million compared to PKR 1,232.782 million a year ago. Basic earnings per share from continuing operations was PKR 13.14 compared to PKR 10.1 a year ago. Diluted earnings per share from continuing operations was PKR 12.94 compared to PKR 10.04 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 
