A totvs (TOTS3), through its subsidiary RD Station, bought all of Exact Sales, a leading company in sales engagement, a segment that offers solutions aimed at prospecting and qualifying potential customers of companies (prospects), for BRL 51 million, shows the document sent to the market this Monday (5).
Founded in 2015, Exact Sales serves both startups and large companies, having carried out, in recent years, two important acquisitions that complement its offerings.
With approximately 1,250 customers and 230 employees, Exact Sales had net revenue of approximately R$25 million in the last 12 months, with a CAGR (compound annual growth rate) of 31% in the last three years.
“This movement reinforces RD Station’s positioning as the central pillar of Totvs’ strategy in building the largest and most complete Business Performance ecosystem in Brazil, focused on digitizing the customers’ sales funnel”, he informs.
GET TO KNOW THE LIVE GIRO DO MARCADO: From Monday to Friday at 12:00 pm, we will be LIVE on the Money Times Youtube channel, bringing you the hottest news of the day and valuable insights for your investments. We wait for you!
https://www.youtube.com/watch?v=videoseries
Why is Totvs no longer a ‘buy’ for UBS BB?
O UBS lowered the indication of TOTS3 from purchase to neutralin addition to having cut the target price from BRL 36 to BRL 34.
According to Leonardo Olmos and the UBS team, the revision was due to the incorporation of the “mixed” results of the first quarter of the year and the expectation of a “softer” second round of balance sheets.
Analysts expect annual recurring revenue (ARR) and margin growth for Totvs Techfin weak in the year.
UBS also cut expected net income for 2023 and 2024 by 13%. Olmos and team say that, although most of the points that lead to the revision are related to the macroeconomic scenario, they still “may limit the momentum of earnings”.
See the document:
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
