TOTVS S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
January 29, 2015 at 03:25 am IST
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TOTVS S.A. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of BRL 455.7 million, up 5.6% a year ago. EBITDA was BRL 106.5 million, up 5.6% a year ago. Net income was BRL 69.1 million, up 13.7% compared with same period a year ago. EPS was BRL 0.43, up 14.3% a year ago. Net operating cash generation was BRL 91.6 million, up 32.0% a year ago.
For the year, the company reported net revenue of BRL 1,772.4 million, up 10% a year ago. EBITDA was BRL 436.6 million, up 8.6% a year ago. Net income was BRL 262.8 million, up 17.8% compared with same period a year ago. EPS was BRL 1.61, up 17.4% a year ago. Net operating cash generation was BRL 332 million, up 17.7% 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. 
