a drop of 32% compared to the same period in 2023.
On the other hand, the technology company’s revenue grew 15.2% in the same period, reaching R$1.369 billion between July and September this year.
In a comment on the balance sheet for the period to CNN Moneythe CEO of Totvs, Dennis Herszkowicz congratulates the result and says that the company works with a kind of “dual mandate”.
“Profitability is essential, but it needs to be accompanied by growth”, he points out, highlighting that the company has accumulated 22 consecutive quarters — more than five years — of double-digit revenue growth.
“Growth with increased profitability is key to success.”
Mergers and acquisitions
One of the fronts that the executive applauds for being successful and contributing to these results is the work of mergers and acquisitions (M&As).
Herszkowicz says that this is an agenda that “is part of the DNA” of the company and that must continue to be worked on.
“A technology company always looks for something more for its portfolio, a different solution, a new segment, a new way of reaching the customer base it already works with. And M&A is an important shortcut”, says the CEO of Totvs.
According to Herszkowicz, Totvs’ objective is to establish itself among its customers as a trusted partner in the world of technology.
“When we identify opportunities to deepen value and help the customer perform better, we will do it. And M&A is a good way to consolidate this positioning.”
Totvs works on three fronts to expand its business: organic generation of new products, partnerships and M&As.
