StoneCo Ltd (OQ:STNE)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| Company Contact | |
| Address: | 4th Floor Harbour Place, 103 South Church Street, P.O. Box 10240 GRAND CAYMAN KY1-1002 |
| Tel: | N/A |
| Website: | https://www.stone.co |
| IR: | See website |
| Key People | ||
| Augusto Barbosa Estellita Lins President | Caio Fiuza Chief Operation Officer - Financial Services division | Pedro Zinner Chief Executive Officer |
| Silvio Jose Morais Interim Chief Financial Officer, Director | Sandro Bassili Chief People and Management Officer | Marcus Fontoura Chief Technology Officer |
| Joao Bernartt Chief Information Officer | Tatiana Malamud Chief Legal and Compliance Officer | Diego Salgado Head of Treasury | Vinicius Do Nascimento Carrasco Chief Economist and Regulatory Affairs Executive Officer |
| Business Overview |
| StoneCo Ltd. is a provider of financial technology and software solutions. The Company has designed its cloud-based technology platform, namely the Stone Business Model, for its clients to connect, get paid and grow their businesses. The Company's segments include financial services and software. In financial services, it offers payments, digital banking and credit solutions, focused mainly on micro, small and medium businesses (MSMBs). In software, it offers point of sale (POS) and enterprise resource planning (ERP) solutions for different retail and service verticals, customer relationship management (CRM), engagement tools, e-commerce and Omnichannel solutions, among others. It also provides digital product enhancements to help its merchants improve their consumers' experience, such as its split-payment processing, multi-payment processing, recurring payments for subscriptions, and one-click buy functionality. It provides its clients with store, life and health insurance solutions. |
| Financial Overview |
| For the three months ended 31 March 2024, StoneCo Ltd revenues increased 14% to R$3.08B. Net income increased 65% to R$373M. Revenues reflect Financial Services segment increase of 16% to R$2.71B, Software segment increase of 3% to R$369.1M. Net income benefited from Financial expenses, net - Balanc decrease of 7% to R$754.6M (expense), Administrativ decrease of 11% to R$210.5M (expense). |
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