TOTVS S.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 09, 2018 at 07:30 pm EDT
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TOTVS S.A. reported consolidated earnings results for the first quarter ended March 31, 2018. For the period, the company has posted net revenue of BRL 562.99 million against BRL 560.133 million a year ago. EBIT was BRL 62.27 million against BRL 53.82 million a year ago. Earnings before tax were BRL 51.15 million against BRL 42.29 million a year ago. Net income was BRL 34.31 million against BRL 30.16 million a year ago. EBITDA was BRL 96.76 million against BRL 88.244 million a year ago. Adjusted EBITDA was BRL 96.76 million against BRL 90.124 million a year ago. Adjusted net income was BRL 34.310 million against BRL 31.403 million a year ago. Net Debt was BRL 276.6 million in first quarter of 2018. Net debt declined 37% year-on-year.
Operating cash flow generation decreased by 11% and 27% respectively.
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.