Equity Analysis /

Systems Ltd: 2QCY21 analyst briefing takeaways

  • SYS achieved c.50% yoy growth in revenues in 2QCY21, with geography mix largely unchanged

  • It hired c.500 new employees (mostly IT professionals) and added 43 new clients during 2Q

  • We have a Buy stance on the scrip with a Dec 2022 TP of PKR950/sh.

Intermarket Securities
31 August 2021