SAO PAULO, Nov. 3, 2016 /PRNewswire/ -- TOTVS S.A. (BM&FBOVESPA: TOTS3), the leading developer of business solutions in Brazil and Latin America, announces today its results of the third quarter of 2016 (3Q16). The Company's consolidated financial statements were prepared in accordance with the accounting practices adopted in Brazil, which are in consonance with the International Financial Reporting Standards (IFRS). To facilitate comparison, we have presented the pro forma (unaudited) consolidated results that combine the results of TOTVS and Bematech corresponding to three months for 3Q15 and corresponding to 12 months for 12M-3Q16 and 12M-3Q15.
- Net Revenue: R$537.5 million in 3Q16 (-6.9% vs. 3Q15 pro-forma and -1.4% vs. 2Q16) and R$2,205.2 million in LTM-3Q16 pro-forma (-2.5% vs. LTM-3Q15 pro-forma).
- Recurring Revenue: R$334.8 million in 3Q16 (+5.8% vs. 3Q15 pro-forma and -0.4% vs. 2Q16) and R$1,328.7 million in LTM-3Q16 pro-forma (+7.7% vs. LTM-3Q15 pro-forma).
- Software Annual Recurring Revenue: R$1,253.7 million in 3Q16 (+9.0% vs. 3Q15 pro-forma and +3.7% vs. 2Q16).
- Subscription Revenue: R$58.8 million in 3Q16 (+22.6% vs. 3Q15 pro-forma and +8.2% vs. 2Q16) and R$214.9 million in LTM-3Q16 pro-forma (+18.9% vs. LTM-3Q15 pro-forma).
- Annual Recurring Revenue from Subscription: R$234.9 million in 3Q16 (+25.2% vs. 3Q15 pro-forma and +9.8% vs. 2Q16).
- Adjusted EBITDA: R$86.5 million in 3Q16 (-26.1% vs. 3Q15 pro-forma and -10.7% vs. 2Q16) and R$383.0 million in LTM-3Q16 pro-forma (-23.9% vs. LTM-3Q15 pro-forma).
- Adjusted Net Income R$44.9 million in 3Q16 (-43.1% vs. 3Q15 pro-forma and +18.9% vs. 2Q16) and R$181.9 million in LTM-3Q16 pro-forma (-42.2% vs. LTM-3Q15 pro-forma).
For more information: http://ir.totvs.com
CONFERENCE CALL - PORTUGUESE: November 4, 2016, 10:30 a.m. (Brasilia)
Webcast: click here | Telephone: +55 (11) 3193-1001 or +55 (11) 2820-4001 (access code: TOTVS) | Replay: +55 (11) 3193-1012 or +55 (11) 2820-4012 (access code: 4893249#) until November 10, 2016 or at ri.totvs.com.br
CONFERENCE CALL - ENGLISH: November 4, 2016, 12:00 p.m. (Brasilia)
Webcast: click here | Telephone: US Toll Free +1(888) 700-0802 / International +1(786) 924-6977 / Brazil +55 (11) 3193-1001 or +55 (11) 2820-4001 (access code: TOTVS) | Replay: +55 (11) 3193-1012 or +55 (11) 2820-4012 (access code: 2580298#) until November 10, 2016 or at ir.totvs.com
IR CONTACTS
Gilsomar Maia (CFO/IRO)
Tel.: +55 (11) 2099-7105
Douglas Furlan (IRM)
Tel.: +55 (11) 2099-7773/7097/7089
[email protected]
SOURCE TOTVS S.A.
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