<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Global IT sector spending is expected to reach US$4.6tr by
CY23 (Source: Gartner), amid rapid digitalization and increasing importance of
data analytics & automation. Pakistan’s IT exports also witnessed a
remarkable growth in last 2-3 years and country’s IT exports clocked in at
US$2.6bn in FY22. Similarly, Avanceon Limited (AVN) has witnessed strong
topline growth over the years, posting 7-year CAGR of 23% till CY21, where its
growth trajectory continued its momentum and in 9MCY22 AVN has posted topline
of PKR4.6bn vs. PKR2.8bn in SPLY, up by 28% YoY. With recent acquisition of
Emperic AI (previously owned by DH Corp), backlog orders of worth US$71mn,
currency devaluation and economic growth in GCC region amid higher oil pric...
