Cielo S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 2,569.82 million compared to BRL 2,762.19 million a year ago. Net income was BRL 440.5 million compared to BRL 184.55 million a year ago.

Basic earnings per share from continuing operations was BRL 0.16373 compared to BRL 0.06835 a year ago. Diluted earnings per share from continuing operations was BRL 0.16237 compared to BRL 0.06781 a year ago.