Senior Sistemas, a multinational software company for management, enthusiastically presents the results of the first half of 2024, which reaffirm its successful growth trajectory.The company also celebrates a significant milestone in its history: R$ 1 billion in sales, considering the last 12 months.
“Being a R$ 1 bi company was a goal pursued by the Senior team. To achieve it, we combined our planning and execution capacity with successful strategies, investing in innovation and new technologies to support our customers in their digital transformation. We expanded our portfolio of solutions and market capillarity via M&A, we focused on strategic segments with high growth potential, maintained an austere financial management focused on operational efficiency, and, above all, we have a team committed and engaged in the values and objectives of the Company. And today, we are proud to announce to the market that we have achieved this new level: senior is a R$ 1 billion company! ”, says Carlenio Castelo Branco, CEO of Senior.
Sustainable growth
In the last five years the company registered a rise of 119% in its Net Revenue, from R$ 382 million in 2019 to R$ 835 million in 2023. In the period, Net Income 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, an increase of 20.8% compared to the same period of the previous year. This growth was mainly driven by Cloud Revenue, which increased R$ 31.4 million or 36.1% compared to the second quarter of 2023, representing 56.11 Recurring quarter of BT3.
The company also raised profitability indicators with an increase of 27.5% in EBITDA, totaling R$ 69.9 million, with an EBITDA Margin of 29.5%. Net Income was R$ 51.6 million, with a Net Margin of 21.8%.
Prominent avenues of growth
To continue growing consistently, the company invests in three avenues of growth: Management, Financial and Platform.“To expand our inorganic growth aligned with the thesis of strengthening our performance in strategic segments, this semester we have carried out three M&As that enhance the pillar of Management and position us as the leading technology provider in important economic segments”, highlights Carlenio Castelo Branco.
The most recent acquisition was from Hypnobox, in the Construction and Incorporation segment, which offers a new experience in sales management for customers in the segment with specialized CRM. In agribusiness, the arrival of GAtec, a specialist in software for agroindustrial management, further diversifies the range of Senior solutions in the sector, inside and outside the gate. In the Human Management vertical, the company also announced this year the purchase of HRTech JobConvo, specialized in software for Recruitment & Selection management, to strengthen the offer of Talent Acquisition solutions on the HCM platform.
Another highlight is the rapid growth of Fintech Wiipo. There are already approximately 2.8 million employees connected to the application. Wiipo recorded growth of 88% in the granting of payroll loans and expansion of 80% of revenue compared to the previous semester.
“E in the Platform pillar, we are pulling 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 113%. Platform products, including Sign, GED, BPM, Bot, Connect and Social, showed significant growth in the number of users and transactions in the period.
Prospects for the second semester
According to the CEO of Senior, the company is integrating the business of recent acquisitions, maximizing synergies and strengthening its brand in the market. In addition, it believes that “ser a company of R$ 1 billion positions us at a new level in the technology sector for management and opens space to conquer even more business opportunities. We continue for the next semester motivated with the future and committed to maintaining the continuous growth of Senior”, concludes Carlenio Castelo Branco.
