Systems Limited Profits Grow By 114%
Systems Limited, Pakistani  IT and IT enabled
Services Company held its 33rd Annual General
Meeting on April 21, 2010. At the meeting the
Shareholders of the Company approved a Cash
Dividend of 15% based on the results of the
financial year ended December 31, 2009. During
this period, Systems Limited’s group revenues
have grown 24% year-on-year and by over 400%
during the last 5 years. Profit After Tax also grew
by a healthy 115% year-on-year giving an EPS of
Rs. 4.12.
Speaking on the occasion Ashraf Kapadia,
Managing Director said: “Despite the global
economic downturn, compounded by Pakistan’s
security situation, Systems Limited has managed to
sustain a stable and healthy growth rate over the
past 5 years. This is a direct result of the strategy
defined by the management of Systems Limited 5
years ago and the commitment to execute that
strategy.”
He further added: “Systems Limited will continue to
execute its successful strategy and based on the
contracts in hand and projected pipeline, Systems
Limited is expecting to continue its growth pattern
during 2010.”
The software products of Systems Limited continue
to get better recognition and acceptance by clients
in global as well as domestic markets and are the
basis of delivering integration services needed by
clients.
By establishing large state-of-the-art Business
Process Outsourcing (BPO) centers, Systems
Limited has been successful in diverting increased
BPO services from US and other export markets,
and these facilities will be a major vehicle for
revenue and profit growth in the future.
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Systems Limited is the premier partner of Misys PLC to sell,
implement and support its Banking and Treasury & Capital
Market solutions in Pakistan. Misys PLC is the leading global
provider of Banking and Treasury & Capital Market solutions.
Misys PLC has got 1200 customers globally including all of the
world's top 50 banks. For three decades, Misys has worked
with hundreds of the world's financial solutions, combining
knowledge of banking markets world-wide with deep expertise
of how technology is best applied to provide real solutions to
business issues, delivering results for the customers, fast.
Every day, in over 120 countries, tens of thousands of people
use Misys solutions to support millions of customers. In
Pakistan Misys Banking solutions have been implemented at
Habib Bank Limited, KASB Bank, Mybank, Standard Chartered
Bank and Al-Baraka Islamic Bank....MORE
Interview
 From Y2K to ERP
"Systems Limited entered
directly at CMMI Level 3 and we
completed the Class C, Class B
and Class A of Level 3. Then we
converted our company to CMMI
Level 5 and for the last one and
a half year we are operating at
that level"
                    Published: Nov 2009
Ashraf Kapadia
Managing Director
Systems Limited