TOTVS S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022
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TOTVS S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was BRL 914.57 million compared to BRL 702.43 million a year ago. Net income was BRL 122.39 million compared to BRL 78.64 million a year ago. Basic earnings per share from continuing operations was BRL 0.20535 compared to BRL 0.14939 a year ago. Diluted earnings per share from continuing operations was BRL 0.20221 compared to BRL 0.14735 a year ago. Basic earnings per share was BRL 0.20141 compared to BRL 0.13836 a year ago. Diluted earnings per share was BRL 0.19833 compared to BRL 0.13647 a year ago.
For the six months, revenue was BRL 1,813.08 million compared to BRL 1,367.07 million a year ago. Net income was BRL 201.85 million compared to BRL 159.29 million a year ago. Basic earnings per share from continuing operations was BRL 0.35058 compared to BRL 0.2969 a year ago. Diluted earnings per share from continuing operations was BRL 0.34552 compared to BRL 0.2931 a year ago. Basic earnings per share was BRL 0.33205 compared to BRL 0.28039 a year ago. Diluted earnings per share was BRL 0.32725 compared to BRL 0.27681 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. 
