TOTVS S.A. Announces Consolidated Earnings Results for the Second Quarter of 2017
August 02, 2017 at 08:46 pm EDT
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TOTVS S.A. announced consolidated earnings results for the second quarter of 2017. For the quarter, the company reported net revenue of BRL 550,533,000 against BRL 544,913,000 a year ago. EBIT was BRL 47,762,000 against BRL 65,921,000 a year ago. EBT was BRL 41,098,000 against BRL 53,189,000 a year ago. Net income was BRL 32,167,000 against BRL 37,711,000 a year ago. EBITDA was BRL 86,286,000 against BRL 96,900,000 a year ago. Adjusted EBITDA was BRL 81,998,000 against BRL 96,900,000 a year ago. Adjusted net income was BRL 26,587,000 against BRL 37,711,000 a year ago. Cash provided by operating and investing activities was BRL 69.5 million against BRL 48.9 million a year ago. Net debt was BRL 419.7 million against BRL 493.0 million a year ago. Free cash flow was BRL 75.6 million against BRL 56.3 million a year ago. Net operating cash flow was BRL 87,289,000 against BRL 79,021,000 a year ago. Purchase of intangible assets was BRL 8,428,000 against BRL 15,855,000 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.
TOTVS S.A. 
