IdeiasNet, S.A. announced consolidated and company earnings results for the first quarter ended March 31, 2017. For the quarter, on company basis, the company reported revenue from sales and/or services of BRL 233,000 compared to BRL 272,000 a year ago. Profit before taxes on income was BRL 9,825,000 compared to BRL 13,933,000 a year ago. Profit from continuing operations was BRL 9,825,000 compared to BRL 13,933,000 a year ago. Profit for the period was BRL 9,825,000 or BRL 0.60110 per basic and diluted share compared to BRL 13,933,000 or BRL 0.85250 per basic and diluted share a year ago. Net cash used in operating activities was BRL 1,085,000 compared to BRL 1,014,000 a year ago. Investment in property, plant and equipment was BRL 3,000 compared to BRL 11,000 a year ago. For the quarter, on consolidated basis, the company reported revenue from sales and/or services of BRL 233,000 compared to BRL 272,000 a year ago. Profit before taxes on income was BRL 5,743,000 compared to BRL 43,371,000 a year ago. Profit from continuing operations was BRL 5,743,000 compared to BRL 43,371,000 a year ago. Profit attributable to the company's owners was BRL 9,825,000 or BRL 0.60110 per basic and diluted share compared to BRL 13,933,000 or BRL 0.85250 per basic and diluted share a year ago. Net cash used in operating activities was BRL 2,747,000 compared to BRL 19,670,000 a year ago. EBITDA was BRL 8,285,000 compared to BRL 17,524,000 a year ago. Net Income was BRL 9,389,000 compared to BRL 18,435,000 a year ago.