TOTVS S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 04:26 pm EST
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TOTVS S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 123.2 million compared to BRL 84.4 million a year ago. Revenue was BRL 1,191.6 million compared to BRL 1,005.1 million a year ago. Net income was BRL 117.6 million compared to BRL 147.4 million a year ago.
For the full year, the company reported sales was BRL 422.8 million compared to BRL 300.8 million a year ago. Revenue was BRL 4,497 million compared to BRL 3,792.9 million a year ago. Net income was BRL 734.8 million compared to BRL 498.1 million 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. 
