TOTVS S.A. Reports Earnings Results for the Full Year Ended December 31, 2022
February 14, 2023 at 05:56 pm EST
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TOTVS S.A. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was BRL 3,792.93 million compared to BRL 2,977.31 million a year ago. Net income was BRL 498.14 million compared to BRL 368.49 million a year ago.
Basic earnings per share from continuing operations was BRL 0.81612 compared to BRL 0.67128 a year ago. Diluted earnings per share from continuing operations was BRL 0.80443 compared to BRL 0.66223 a year ago. Basic earnings per share was BRL 0.82092 compared to BRL 0.63561 a year ago.
Diluted earnings per share was BRL 0.80916 compared to BRL 0.62704 a year ago.
Totvs SA is a Brazil-based company engaged in the information technology (IT) sector. The Company focuses on developing integrated management software solutions, collaboration and productivity platforms, as well as on consulting services. The Company mainly provides enterprise resource planning (ERP) applications, which electronically integrate the strategic and operational levels of a user company. It offers ERP software in various areas, such as administration, education, finance, industrial, human resources, customer service and logistics. The Company operates in Brazil, Argentina, Colombia, Mexico, Portugal and the United States, among others. It controls a number of subsidiaries, including Solucoes em Software e Servicos TTS Ltda, Datasul Argentina SA and Neolog Consultoria e Sistemas SA.