Totvs S.A. Reports Earnings Results for the Full Year Ended December 31, 2019
February 12, 2020 at 05:23 pm EST
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TOTVS S.A. Announced earnings results for the full year ended December 31, 2019. For the full year, the company announced net income was BRL 209.796 million compared to BRL 59.548 million a year ago. Basic earnings per share was BRL 1.1605 compared to BRL 0.3644 a year ago. Diluted earnings per share was BRL 1.1504 compared to BRL 0.3614 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. 
