TOTVS S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023
Share
TOTVS S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 1,087.92 million compared to BRL 914.57 million a year ago. Net income was BRL 95.41 million compared to BRL 122.39 million a year ago. Basic earnings per share from continuing operations was BRL 0.17135 compared to BRL 0.20742 a year ago. Diluted earnings per share from continuing operations was BRL 0.16871 compared to BRL 0.20425 a year ago. Basic earnings per share was BRL 0.1582 compared to BRL 0.20141 a year ago. Diluted earnings per share was BRL 0.15576 compared to BRL 0.19833 a year ago.
For the six months, sales was BRL 2,152.06 million compared to BRL 1,813.08 million a year ago. Net income was BRL 189.53 million compared to BRL 201.85 million a year ago. Basic earnings per share from continuing operations was BRL 0.33619 compared to BRL 0.35569 a year ago. Diluted earnings per share from continuing operations was BRL 0.33123 compared to BRL 0.35055 a year ago. Basic earnings per share was BRL 0.31379 compared to BRL 0.33205 a year ago. Diluted earnings per share was BRL 0.30916 compared to BRL 0.32725 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. 
