SAO PAULO, Brazil, Feb. 18 /PRNewswire-FirstCall/ -- TOTVS S.A. (BOVESPA: TOTS3), the leader in developing and marketing integrated enterprise management software in Brazil, today announces its results for the fourth quarter of 2008 (4Q08). To enable comparison, data is unaudited and given on pro forma basis. Some highlights of the period, in accordance with Brazilian corporate legislation:
- All the revenue lines grew by more than 20% in 2008, being 36.8% of highlighted growth in License Fees.
- Synergy: New quarterly records in all the revenue lines in 4Q08, which also registered the best operating performance in the Datasul history.
- Net Revenue of R$233.427 million in 4Q08 and R$844.854 million in 2008, growth of 26.3% in the quarter and 27.6% in the year. New annual record in both period, quarter and year, along with Gross Revenue.
- Revenue from License Fees totaled R$62.602 million in 4Q08, a new record and 17.6% up over 4Q07.
- Growth of 39.5% in Revenue from Services and 24.5% in Revenue from Maintenance, in comparison with 4Q07, new records in absolute amounts.
- Software sales: 4Q08 record in the number of clients. 603 new clients, sales to base clients rose 7.2% over 3Q08. The Company's client base currently presents more than 22,900 active clients.
- Significant decline in the growth of Costs and Expenses in 4Q08, indicating synergy first results.
- Record EBITDA, with growth of 25.8% over 4Q07. Annual EBITDA was R$178.937 million, 24.1% higher than in 2007.
- Adjusted Net Income was R$129.292 million in 2008, growth of 20.0% over 2007.
Conference Call in English
Thursday, February 19, 2009 - 11:30 p.m. (US ET)
Webcast: http://www.totvs.com/ir
Tel.: 1 (412) 858-4600
Code: TOTVS
IR Contacts
Jose Rogerio Luiz
EVP, CFP and IRD
Gilsomar Maia / Bruno Brasil
Investor Relations
Phone: + 55 (11) 3981-7105 / 7097
