TOTVS in 4Q10: 20th Consecutive Quarter of Organic Double-Digit Revenue Growth
SAO PAULO, Jan. 31, 2011 /PRNewswire/ -- TOTVS S.A. (BOVESPA: TOTS3), the leader in developing and marketing integrated enterprise management software and provision of related services in Brazil, today announces its results for the fourth quarter of 2010 (4Q10).
Highlights of the period:
- Net Revenue: R$1,129.475 million, 14.21% over 2009. Net revenue in 4Q10 totaled R$295.724 million, 10.6% over 4Q09.
- License fees: R$304.454 million in 2010, growth of 22.1% over 2009. License fees in 4Q10 totaled R$75.436 million, 14.4% higher than in 4Q09.
- New clients: added 2,840 new clients in the year, 9.6% over 2009.
- Average ticket: general average ticket grew 24.5% in 2010, reaching R$33.670 thousand for new clients (+34.5%) and R$12.867 thousand for base clients (+17.0%). General average ticket in the quarter grew 41.4% over 4Q09.
- Service revenue: new annual and quarterly records of R$367.698 million and R$98.321 million, respectively.
- Maintenance fee revenue: R$561.051 million in 2010, 12.5% growth over 2009. R$146.041 million in the quarter, 7.8% over 4Q09.
- Costs and expenses (excluding depreciation and amortization): increased by 13.6% in 2010 and by 7.2% in 4Q10. In both cases lower than revenue growth.
- EBITDA: R$289.552 million in 2010, 16.2% higher than in 2009. In 4Q10, EBITDA grew 21.2% over 4Q09.
- EBITDA Margin: came to 25.6% in 2010, 40 basis points over 2009, and 26.3% in 4Q10, 230 basis points over 4Q09.
- Net Income and Adjusted Net Income: R$137.528 million (+141.69% vs. 2009) and R$191.463 798 million (+197.98% vs. 2009) – new annual records.
For further information, please visit: www.totvs.com/ir
Conference Call in English |
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Tuesday, February 1, 2011, 12:00 p.m. (Brasilia) |
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Webcast: www.totvs.com/ir |
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Phone: +1 (412) 317-6776 |
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Code: TOTVS |
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IR Contacts |
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Jose Rogerio Luiz |
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EVP, CFO and IRO |
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Gilsomar Maia / Flavio Bongiovanni |
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Investor Relations |
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Phone: (11) 3981-7105 / 7097 |
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SOURCE TOTVS S.A.
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