Systems Ltd sees sustained growth from AI, MENA and Confiz synergies
KARACHI: Systems Limited (SYS) expects growth to remain supported by artificial intelligence-led spending, particularly in the Middle East, while the company is pursuing cross-selling and operational synergies from its acquisition of Confiz, management said during its analyst briefing on Thursday. Systems Limited’s profitability increased 17 percent year-on-year to Rs6.1 billion, or earnings per…
Systems Ltd (SYS) is experiencing sustained growth driven by artificial intelligence (AI) spending, particularly in the Middle East and North Africa (MENA) region. The company's revenue grew 35% year-on-year to Rs49.7 billion in the first half of 2026 (1HCY26), while profitability increased 17% to Rs6.1 billion, or EPS of Rs3.9.
Systems Limited attributes its growth to cross-selling and operational synergies resulting from the acquisition of Confiz, with North American growth primarily benefiting from Confiz and APAC growth driven by a one-off project. The Middle East and Africa (MEA) region remains the largest contributor, accounting for 57% of consolidated revenue, followed by North America at 20%, Pakistan at 13%, Europe at 5%, and APAC at 5%.
Despite currency appreciation and cost inflation, Systems Limited expects margins to remain around 25-26% if the rupee remains stable. The company's strong position in the AI transformation, particularly at the enterprise level, positions it well for future growth.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
