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TOTVS in 1Q10: 14.0% Growth in Net Revenue (17th Consecutive Quarter of Double-Digit Growth) and 622 New Clients (+36.1%, a First-Quarter Record)

Apr 28, 2010 (06:04 PM EDT)
URL: http://www.techweb.com/show-press-release/X804154/totvs-in-1q10-14-0-growth-in-net-revenue-17th-consecutive-quarter-of-double-digit-growth-and-622-new-clients-36-1-a-first-quarter-record.html

SAO PAULO, April 28 /PRNewswire-FirstCall/ -- TOTVS S.A. (BOVESPA: TOTS3), the leader in developing and marketing integrated enterprise management software and providing related services in Brazil, today announces its results for the first quarter of 2010 (1Q10).

Highlights of the period:

Growth in all revenue lines.

17th consecutive quarter of double-digit organic growth rate.

622 new software clients, 36.1% up on 1Q09.

Average orders for new software clients, 11.2% up on 4Q09.

Net revenue: 14.0% growth over 1Q09, totaling R$260.422 million, a new first-quarter record.

License fee: R$63.672 million in 1Q10, 8.8% up on 1Q09.

Revenue from the Corporate Model: total of R$13.175 million in 1Q10, 12.8% up on 1Q09.

Services Revenue: 15.5% growth (1Q10 vs. 1Q09), totaling R$85.096 million.

Maintenance Revenue: Totaled R$137.888 million in 1Q10, 16.9% up on 1Q09.

EBITDA of R$60.839 million, 3rd highest in the Company's history, for margin of 23.4%.

TOTVS consolidates its leadership in Latin America in ERP-suite according to Gartner.

To access the document, please visit: www.totvs.com/ir

The Company's consolidated financial statements are prepared in accordance with Brazilian corporate legislation. To enable comparison (organic growth view), the 2008 data presented in tables and comments in this report are pro forma (unaudited), since it includes the numbers since January 2005 for RM and Logocenter, as well as those announced earlier in the quarterly releases of Datasul S.A.

Conference Call in English

Thursday, April 29, 2010, 12:00 noon (Eastern), 1:00 p.m. (Brazil)

Webcast: www.totvs.com/ir

Phone: 1 (412) 858-4600

Code: TOTVS

IR Contacts

Jose Rogerio Luiz

EVP, CFO and IRO

Gilsomar Maia / Flavio Bongiovanni

Investor Relations

Phone: (11) 3981-7105 / 7097

ir@totvs.com.br

SOURCE TOTVS S.A.