TOTVS S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:34 pm EST
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TOTVS S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 1,153.4 million compared to BRL 974.79 million a year ago. Net income was BRL 427.73 million compared to BRL 148.84 million a year ago. Basic earnings per share from continuing operations was BRL 0.30877 compared to BRL 0.22361 a year ago. Diluted earnings per share from continuing operations was BRL 0.30393 compared to BRL 0.22041 a year ago. Basic earnings per share was BRL 0.70841 compared to BRL 0.24571 a year ago. Diluted earnings per share was BRL 0.69729 compared to BRL 0.24221 a year ago.
For the nine months, sales was BRL 3,305.45 million compared to BRL 2,787.87 million a year ago. Net income was BRL 617.26 million compared to BRL 350.69 million a year ago. Basic earnings per share from continuing operations was BRL 0.64493 compared to BRL 0.57919 a year ago. Diluted earnings per share from continuing operations was BRL 0.63522 compared to BRL 0.57086 a year ago. Basic earnings per share was BRL 1.02208 compared to BRL 0.57758 a year ago. Diluted earnings per share was BRL 1.00668 compared to BRL 0.56927 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. 
