Totvs' Southern Cone revenues climb 32% in 2013
Brazilian software development group Totvs' (Bovespa: TOTS3) revenues in the Southern Cone saw an expansion of nearly 32% in local currency in 2013 versus the previous year, the company's director for the region, Jorge Fernando Bayá, told BNamericas.
The company's operations in the Southern Cone include Argentina, Chile, Bolivia, Paraguay and Uruguay. The executive said Argentina currently accounts for approximately 65% of overall revenues in the region, while also highlighting the company's performance in Uruguay. "We added a channel partner in this country in 2012 and we were able to consolidate our position in this market," he added.
Bayá also said that the firm is working to consolidate its presence in Chile through the recruitment of additional sales staff.
Totvs added nearly 40 clients in the Southern Cone during last year, which Bayá said was around the usual yearly amount.
Direct sales in the Southern Cone currently account for nearly 62% of total sales for the region, the executive said.
Totvs' main office for the Southern Cone region is in Buenos Aires, where the executive said it had recently moved to a new facility.
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