TOTVS S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022
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TOTVS S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was BRL 974.79 million compared to BRL 781.38 million a year ago. Net income was BRL 148.84 million compared to BRL 88.92 million a year ago. Basic earnings per share from continuing operations was BRL 0.22361 compared to BRL 0.16776 a year ago. Diluted earnings per share from continuing operations was BRL 0.22041 compared to BRL 0.16531 a year ago. Basic earnings per share was BRL 0.24571 compared to BRL 0.15482 a year ago. Diluted earnings per share was BRL 0.24221 compared to BRL 0.15256 a year ago.
For the nine months, revenue was BRL 2,787.87 million compared to BRL 2,148.45 million a year ago. Net income was BRL 350.69 million compared to BRL 248.21 million a year ago. Basic earnings per share from continuing operations was BRL 0.57919 compared to BRL 0.46531 a year ago. Diluted earnings per share from continuing operations was BRL 0.57086 compared to BRL 0.45907 a year ago. Basic earnings per share was BRL 0.57758 compared to BRL 0.4353 a year ago. Diluted earnings per share was BRL 0.56927 compared to BRL 0.42947 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. 
