In 2019, Totvs S.A. invested nearly *** million Brazilian reals (which translated to **** percent of the company's revenue) into research and development. Totvs operates in Brazil, Argentina, Mexico, and the United States and is best known for providing enterprise resource planning (ERP) solutions. Totvs ranked among the leading IT and telecommunications companies in Brazil in 2018.
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TOTVS. (February 12, 2020). Research and development (R&D) spending of Totvs worldwide from 2017 to 2019 (in million Brazilian reals) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/1173292/totvs-r-and-d-spedning/
TOTVS. "Research and development (R&D) spending of Totvs worldwide from 2017 to 2019 (in million Brazilian reals)." Chart. February 12, 2020. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/1173292/totvs-r-and-d-spedning/
TOTVS. (2020). Research and development (R&D) spending of Totvs worldwide from 2017 to 2019 (in million Brazilian reals). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/1173292/totvs-r-and-d-spedning/
TOTVS. "Research and Development (R&d) Spending of Totvs Worldwide from 2017 to 2019 (in Million Brazilian Reals)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Feb 2020, /statistics/1173292/totvs-r-and-d-spedning/
TOTVS, Research and development (R&D) spending of Totvs worldwide from 2017 to 2019 (in million Brazilian reals) ÌÇÐÄÆƽâ°æ, /statistics/1173292/totvs-r-and-d-spedning/ (last visited July 20, 2026)
Research and development (R&D) spending of Totvs worldwide from 2017 to 2019 (in million Brazilian reals) [Graph], TOTVS, February 12, 2020. [Online]. Available: /statistics/1173292/totvs-r-and-d-spedning/
