<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">After several organic expansions, Systems Limited now has
offices in 16 countries. Clients with a revenue contribution of more than
US$100k have increased to 191 vs. 129 in CY21, leading to a greater
diversification amongst clientele. With clientele across several sectors, the
company has strongly diversified its earnings, hedging itself from industry
cycles.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With 84% of revenue generation in foreign currencies (USD
79%, EUR 5%, PkR 16%), the company’s revenue increases when the local currency
depreciates. Moreover, the company records exchange gains once trade debts in
foreign currencies are revalued in PkR terms.</span></li></ul><ul><li><spa...
