Positivo Informática S.A. reported consolidated earnings results for the fourth quarter and year ended Dec. 31, 2016. For the quarter, the company reported gross revenue of BRL 437,875 million compared to BRL 528,295 million a year ago. Net sales revenue was BRL 392,120 million compared to BRL 496,407 million a year ago. Operating income was BRL 1,970 million compared to operating loss of BRL 53,022 million a year ago. Net income before taxes was BRL 1,970 million compared to net loss before taxes of BRL 53,022 million a year ago. Net income was BRL 1,142 million compared to net loss of BRL 53,022 million a year ago. Net cash provided by operating activities was BRL 19,209 million compared to BRL 75,290 million a year ago. Purchases of property, plant and equipment were BRL 1,044 million compared to BRL 7,779 million a year ago. Increase in intangible assets was BRL 8,138 million compared to BRL 36,717 million a year ago. Adjusted EBITDA was BRL 35.9 million compared to BRL 11.3 million a year ago. Net debt was BRL 220.2 million compared to BRL 264.6 million a year ago. For the year, the company reported gross revenue of BRL 1,941,362 million compared to BRL 1,995,982 million a year ago. Net sales revenue was BRL 1,746,015 million compared to BRL 1,843,191 million a year ago. Operating income was BRL 9,666 million compared to operating loss of BRL 79,742 million a year ago. Net income before taxes was BRL 9,666 million compared to net loss before taxes of BRL 79,742 million a year ago. Net income was BRL 8,838 million compared to net loss of BRL 79,881 million a year ago. Net cash provided by operating activities was BRL 123,276 million compared to BRL 166,608 million a year ago. Purchases of property, plant and equipment were BRL 9,977 million compared to BRL 15,485 million a year ago. Increase in intangible assets was BRL 19,873 million compared to BRL 54,439 million a year ago. Adjusted EBITDA was BRL 143.7 million compared to BRL 90.1 million a year ago.