201914 Nov

Linx Grows 13.0% in Net Revenue in the Third Quarter of 2019 Compared to the Same Period Of 2018

Summary

SÃO PAULO--(BUSINESS WIRE)--Linx, the leading retail technology specialist, closed the third quarter of 2019 with gross operating revenues of BRL 227 million. Linxs net operating revenue was BRL 197 million, an increase of 13.0% when compared to the third quarter of 2018. That said, net income adjusted for these non-recurring events was BRL 20 million, up 38.5% over the same period last year. Besides that, we increased our platforms differential by partnering with Delivery Center, which will allow the retailer to deliver the order within one hour. In addition, Linx Pay Hub offerings continue to grow, mainly supported by the adoption of TEF, the continuous increase of our portfolio of differentiated solutions and 100% integrated with other products offered by Linx, as well as strategic partnerships such as those signed with the Mercado Pago and AME this quarter to reinforce this strategy related to wallet integration (QR Linx),” explains Alberto Menache, Linx´s CEO.

Source: Businesswire

Classifications

Companies