“Systems Limited, one of Pakistan’s largest software developers, has reported a significant increase in profit after tax for the fiscal year 2023. The company announced a profit after tax of Rs8.69 billion, reflecting a notable surge of over 31% compared to the previous year. This impressive growth underscores Systems Limited’s robust performance and strong position in the software development industry. The company’s consolidated earnings for the same period of the previous year stood at Rs6.63 billion, highlighting the substantial improvement in profitability. Additionally, the earnings per share (EPS) for the fiscal year 2023 increased to Rs29.86, compared to Rs23.61 in the corresponding period last year, indicating enhanced shareholder value. Furthermore, the board of directors approved a final cash dividend of Rs6 per share, equivalent to 60%, for the fiscal year ending December 31, 2023, demonstrating the company’s commitment to rewarding its shareholders. Systems Limited’s revenue from customer contracts also experienced remarkable growth, surging by 68% to Rs53.44 billion during the year ending December 31, 2023, compared to Rs31.76 billion in the preceding year. This substantial increase in revenue further solidifies Systems Limited’s position as a leading player in the software development sector, reflecting its ability to capitalize on market opportunities and deliver value to its clients.”