A Senior Systems, multinational software management company, enthusiastically presents the results of the first half of 2024, that reaffirm their successful growth trajectory. The company also celebrates a significant milestone in its history: R$ 1 billion in revenue, considering the last 12 months.
"Being a company worth R$ 1 billion was a goal pursued by the Senior team". To reach him, we combine our planning and execution capabilities with successful strategies, investing in innovation and new technologies to support our clients in their digital transformation. We expanded our portfolio of solutions and market reach through M&A, we focus on strategic segments with high growth potential, we maintained an austere financial management focused on operational efficiency, and, mainly, we have a committed and engaged team in the values and objectives of the Company. And today, we are proud to announce to the market that we have reached this new levelSenior is a company worth R$ 1 billion! ”, says Carlênio Castelo Branco, CEO of Senior.
Sustainable growth
In the last five years, the company recorded a 119% increase in its Net Revenue, exceeding R$ 382 million, in 2019, for R$ 835 million, in 2023. In the period, Net Profit grew 175% and Cash Generation 139%, results that confirm the relevance and solidity of the company in the technology market.
The company also celebrates a good performance in the second quarter of 2024. Net Revenue grew 16,7%, totaling R$ 236,4 million. Recurring Revenue reached R$ 210,6 million, a 20 increase,8% compared to the same period of the previous year. This growth was driven mainly by Cloud Revenue, that increased by R$ 31,4 million or 36,1% compared to the second quarter of 2023, representing 56,1% of the Gross Recurring Revenue of the quarter.
The company also raised profitability indicators with a 27 increase,5% in EBITDA, totaling R$ 69,9 million, with an EBITDA margin of 29,5%. The Net Profit was R$ 51,6 million, with a Net Margin of 21,8%.
Highlighted growth avenues
To continue growing consistently, the company invests in three growth avenues: Management, Financial e Platform. "To expand our inorganic growth aligned with the thesis of strengthening our presence in strategic segments", in this semester we carried out three M&As that enhance the Management pillar and position us as the leading technology provider in important economic segments, highlights Carlênio Castelo Branco.
The most recent acquisition was of Hypnobox, in the Construction and Development sector, that offers a new sales management experience for clients in the segment with specialized CRM. In agribusiness, the arrival of GAtec, software specialist for agribusiness management, further diversifies Senior's range of solutions in the sector, inside and outside the gate. In the vertical of Human Management, the company also announced this year the acquisition of the HRTech JobConvo, specialized in software for Recruitment & Selection management, to strengthen the offering of Talent Acquisition solutions on the HCM platform.
Another highlight is the strong growth of the Fintech Wiipo. It is already approximately 2,8 million employees connected to the app. Wiipo recorded an 88% growth in the granting of payroll loans and an 80% increase in revenue compared to the previous semester.
"And on the Platform pillar", we are tracking the business and the results of the first half of the year demonstrate its good performance. Net Revenue grew 26,2% compared to the same period of the previous year and EBITDA increased by 113%. Platform products, including Sign, GED, BPM, Bot, Connect and Social, they showed significant growth in the number of users and transactions during the period.
Outlook for the second half of the year
According to the CEO of Senior, the company is integrating the businesses of recent acquisitions, maximizing synergies and strengthening your brand in the market. Furthermore, believes that "being a R$ 1 billion company positions us at a new level in the management technology sector and opens up space for us to seize even more business opportunities. We move on to the next semester motivated by the future and committed to maintaining Senior's continuous growth, finishes Carlênio Castelo Branco.
