TOTVS S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 03, 2022
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TOTVS S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was BRL 981.14 million compared to BRL 720.26 million a year ago. Net income was BRL 79.46 million compared to BRL 80.65 million a year ago. Basic earnings per share from continuing operations was BRL 0.13067 compared to BRL 0.14204 a year ago. Diluted earnings per share from continuing operations was BRL 0.12889 compared to BRL 0.14035 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. 
