Senior Sistemas achieved growth of 18.2% in Net Revenue compared to the same period in 2023; Quarterly Recurring Revenue grew by 20.8%
Senior Sistemas, a multinational management software company, achieved good results in the third quarter of 2024, reaffirming its growth trajectory. Net Revenue totaled R$252.2 million, marking a growth of R$38.8 million or R$18.21 million compared to the same period of the previous year.
Recurring Revenue stood out, totaling R$222 million with growth of 20.8% and representing 78.2% of Total Gross Revenue. This growth was driven by Cloud Revenue, which increased R$28.8 million or 30% compared to the third quarter of 2023, representing 56.3% of Recurring Revenue.
In profitability indicators, the company recorded EBITDA of R$65.5 million and EBITDA Margin of R$261.3 million. Net Income was R$46 million, with a Net Margin of R$18.31.3 million. In addition, Operating Cash Generation ended the quarter at R$68.4 million, an increase of R$15.11.3 million, reinforcing the company's liquidity and investment capacity.
Senior Sistemas CEO Carlênio Castelo Branco highlights that HCM and ERP products were the main drivers of this growth. “In the third quarter of 2024, we maintained solid performance in financial results, reflecting our commitment to the company’s sustainable growth and investment in building Senior of the Future.”
This quarter, Senior Sistemas launched a new advertising campaign. “It’s more than technology. It’s Senior”, increasing the brand’s visibility and reinforcing its positioning in the market. The campaign highlights that, for Senior, technology is just the beginning. “Our solutions go beyond digitalization, offering an integrated, adaptable and flexible portfolio that uses artificial intelligence to generate insights and simplify complex business processes, making them more efficient. The campaign is being aired on digital platforms, radio, TV and Digital Out Of Home (DOOH), highlighting our strength as one of the best integrated business management platforms on the market”, says Carlênio.
In addition, during the quarter, the multinational launched new solutions and features in Management, which provide more agile and assertive decision-making, greater operational efficiency and cost reduction. One of the highlights of Senior's HCM was the launch of the AI solution for leaders, the first Human Resources Business Partner on the market with generative AI, dedicated to meeting critical demands in the area of people management. The solution uses Performance Management and Career and Succession data to generate strategic insights, allowing leaders to act more assertively in the development and retention of talent.
The company also launched the new ATS for Recruitment and Selection, which stands out for going beyond simple resume screening. With the support of Artificial Intelligence, the system automates processes and generates relevant information that aligns business needs with people management, placing the candidate at the center of the selection process.
Senior continues to invest in ERP Banking features, enabling its customers to access services from different Financial Institutions directly in the ERP through the Embedded Finance concept. In the third quarter, the company launched Integrated Cash Management via Open Finance, which automates the bank reconciliation process of different banks through the consumption of bank statements, generating a reduction of up to 70% in the operational cost of the reconciliation process.
Furthermore, in partnership with BTG Pactual Empresas, more than R$600 million were transacted between credit and current accounts with Senior base clients, reinforcing the commitment to bringing a better experience and greater access to financial services for companies.
The Agroverus app was launched for customers in the agribusiness segment, which uses OCR technology to interpret characters, capture grain classification information and automatically insert it into management systems. This ensures agility and security in the grain receipt process, as well as a fair price for producers and adequate cost management for cooperatives, warehouses, cereal producers and agribusinesses.
Another highlight is the significant growth of Fintech Wiipo. Currently, around 3.1 million employees are connected to the app, with a total of R$1,561,301 million transacted throughout the year. In addition, there was a growth of R$1,561,301 in flexible benefits and R$701,301 in payroll loans granted, resulting in an increase of R$841,301 in revenue compared to the previous year.
Outlook for the fourth quarter
According to Carlênio Castelo Branco, in the final stretch of 2024, Senior’s focus will be on integrating the businesses from recent acquisitions, investing in the development of the technological platform, applying artificial intelligence to solutions and strengthening the brand in the market. “We are finalizing the strategic plan for 2025–2030, defining the next steps for Senior’s main growth avenues. With a highly qualified team, vast market experience and a solid and profitable business model, we are committed to executing our long-term growth plan, generating value for all our stakeholders”, concludes Senior’s CEO.
About Senior
Senior Sistemas is the choice of market-leading companies seeking innovation and high-performance management. The multinational company offers a complete portfolio that covers all stages of the production chain in strategic sectors of the economy, such as Agribusiness, Wholesale and Distribution, Construction, Industry and Logistics. With 35 years of excellence, Senior has transformed the management of more than 13,000 medium and large-sized economic groups in Brazil and other Latin American countries, including leading companies in their segments, such as Correios, Magazine Luiza, Syngenta, Hering, Dudalina, Volkswagen, Honda, Mercedes-Benz, Suzano, Weg, Direcional, MPD, Tenda, among others. With 11 branches and three thousand employees in Brazil and abroad, Senior maintains 160 distribution channels and has grown over 20% per year in net revenue for five consecutive years. Senior believes that, with its deep expertise and technological solutions, it has the opportunity to drive companies towards greater operational efficiency, revenue expansion and leadership in their segments. That is why it delivers more than technology. For more information, visit www.senior.com.br.
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