TOTVS 1Q13: +15.2% in Maintenance Fee Revenue

                TOTVS 1Q13: +15.2% in Maintenance Fee Revenue

R$381.6 MILLION OF NET REVENUE

+13.8% IN RECURRING REVENUE

R$97.5 MILLION EBITDA

PR Newswire

SÃO PAULO, May 2, 2013

SÃO PAULO, May 2, 2013 /PRNewswire/ -- TOTVS S.A. (BM&FBOVESPA: TOTS3), the
leader in the development and marketing of integrated enterprise management
software, as well as the provision of related services in Brazil and Latin
America, today announces its results for the first quarter of 2013 (1Q13). The
Company's consolidated financial statements have been prepared in accordance
with the accounting practices adopted in Brazil, which are in accordance with
the International Financial Reporting Standards (IFRS).

Highlights of the period:

  oNet Revenue : R$374.2 million in 1Q13 (+6.6% vs. 1Q12) and R$1,437.1
    million in the LTM (+8.4% vs. LTM-1Q12). Excluding the social security
    (INSS) contribution, Net Revenue came to R$381.6 million in 1Q13 (+8.7%
    vs. 1Q12) and R$1,467.9 million in the LTM (+10.8% vs. LTM-1Q12).
  oRecurring Revenue: R$224.4 million in 1Q13 (+13.8% vs. 1Q12) and R$839.3
    million in the LTM (+11.4% vs. LTM-1Q12), both excluding the social
    security (INSS) contribution.
  oNet License Fee Revenue : R$82.7 million in 1Q13 (-3.7% vs. 1Q12) and
    R$326.3 million in the LTM (+4.6% vs. LTM-1Q12). Excluding the social
    security (INSS) contribution, this line totaled R$84.3 million in 1Q13
    (-1.7% vs. 1Q12) and R$333.1 million in the LTM (+6.8% vs. LTM-1Q12).
  oNet Service Revenue : R$105.7 million in 1Q13 (+5.2% vs. 1Q12) and R$420.1
    million in the LTM (+9.3% vs. LTM-1Q12). Excluding the social security
    (INSS) contribution, this line totaled R$107.3 million in 1Q13 (+6.8% vs.
    1Q12) and R$427.9 million in the LTM (+11.4% vs. LTM-1Q12).
  oNet Maintenance Revenue : R$185.9 million in 1Q13 (+12.8% vs. 1Q12) and
    R$690.7 million in the LTM (+9.8% vs. LTM-1Q12). Excluding the social
    security (INSS) contribution, this line totaled R$189.9 million in 1Q13
    (+15.2% vs. 1Q12) and R$706.9 million in the LTM (+12.4% vs. LTM-1Q12).
  oEBITDA: R$97.5 million in 1Q13 (+5.9% vs. 1Q12) and R$383.4 million in the
    LTM (+16.4% vs. LTM-1Q12).
  oEBITDA Margin: Consolidated EBITDA Margin of 26.1% in 1Q13 (-10 bps vs.
    1Q12) and 26.7% in the LTM (+180 bps vs. LTM-1Q12) .
  oNet Income: R$51.9 million in 1Q13 (+4.0%. vs. 1Q12) and R$209.122 million
    in the LTM (+12.6% vs. LTM-1Q12) .

For further information, please visit: www.totvs.com/ir.

Conference call in English
12:00 p.m. (Brasilia)
Webcast: www.totvs.com/ir
Phone: +1 (412) 317-6776
Access code: TOTVS
Replay: +1 (412) 317-0088
(access code 10027556), available until May 10, 2013 or at: www.totvs.com/ir

IR Contacts

Alexandre Dinkelmann
Investor Relations Officer

Phone: +55 (11) 2099-7105 / 7097/7773
ir@totvs.com.br

SOURCE TOTVS S.A.

Website: http://www.totvs.com/ir
 
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