202010 Nov

Linx Grows 18.5% in Subscription Revenue in 3Q20 Compared To 3Q19

Summary

“In this quarter, despite the various impacts of the pandemic, we followed the continuous resumption of the retail sector, reinforced by the gradual return of the opening hours of malls and stores. The various partnerships with marketplaces and the increased accessibility of our e-commerce platform enabled the growth of Linx Digital, which now represents 15.8% of total recurring revenue in 3Q20. As a reminder, we have an EGM scheduled on November 17 to deliberate on the STNE proposal to incorporate all of our shares, or alternatively decide to authorize the continuation of interactions with Totvs. We reaffirm our commitment to the long term, ensuring the safety of our team, service to customers and suppliers, and consequently, to the business Linx is a Brazilian company specialized in retail technology. The company has more than 3,500 employees distributed among its headquarters in São Paulo, 15 branches throughout Brazil and 5 countries in America.

Source: Businesswire

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Companies