Totvs S.A. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 08, 2019 at 06:10 pm EDT
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TOTVS S.A. Announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced net income was BRL 12.082 million compared to BRL 33.984 million a year ago. Basic earnings per share was BRL 0.268 compared to BRL 0.2153 a year ago. Diluted earnings per share was BRL 0.2661 compared to BRL 0.2136 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. 
