Systems Limited has become Pakistan’s first technology company to achieve a market capitalization of more than Rs. 100 billion. The company’s share price is currently Rs. 740.93, resulting in a market capitalization of Rs. 102 billion.
According to Intermarket Securities Limited analyst Pahul Hans, Systems Limited generated revenue in 1HCY21 that was higher than expected.
Additionally, the company’s financial performance has been consistent yet improving, with a 42 percent increase in profits from January to June 2021. This is a more significant improvement than last year. The company’s total revenue increased from Rs. 1.067 billion to Rs. 1.514 billion.
The company’s revenue has increased by 50% per year, resulting in a Rs. 3.5 billion increase in the second quarter of FY 2021. Additionally, free cash flow was Rs. 543 million in FY 2021, with a gross profit margin of approximately 34% and an operating profit margin of approximately 22%.
As of now, Systems Limited has served over 291 active customers in the second quarter, with approximately 16 clients generating revenue in excess of Rs. 1 million. Additionally, Systems purchased a 20% stake in Retailistan, a retail technology startup, for Rs. 468 million.
Asif Peer, System Limited’s CEO, stated, “With an aggressive focus on advanced, well-balanced technological solutions and under the leadership of committed professionals and industry veterans, we will be able to expand our operations in Europe and other global markets and lead the way.”