Positivo Technologies: Pivoting Strategy Spurs Remarkable 30% Growth In 2023

(MENAFN- The Rio Times) Positivo Technologies (POSI3), once known for its budget-friendly computers in Brazil, has transformed dramatically over the past year.

The company has widened its offerings beyond mere PCs to include notebooks and desktops, targeting the more lucrative corporate and government sectors.

This strategic pivot has paid off, with stocks surging nearly 30% this year, including a notable 10% increase in July alone.

Previously mired in a competitive market with tech giants like Dell, Lenovo, and HP, Positivo recognized the peril of relying solely on hardware sales.

Ivair Rodrigues from IT Data noted the company's shift toward diversifying its revenue streams.

Positivo ventured into smartphones via a partnership with China's Infinix and expanded into server technology.

Moreover, it acquired a cybersecurity firm and Algar Tech's IT arm, marking a significant turn toward service-oriented solutions.

During the pandemic, Positivo's sales fluctuated as consumer demand spiked. From 2020 to mid-2022, the company hit record revenues, bolstered by a surge in personal technology infrastructure.



Shifting its focus to corporate clients, who regularly upgrade their tech, helped stabilize Positivo's financials, according to Felipe Moura of Finacap.

Luiz Guilherme Palhares, Director of Investor Relations, highlighted to local media Positivo's new recognition for its service solutions.

The company reorganized internally to cater more effectively to business clients with customized product and service offerings, aiming for three-to-five-year contracts.

This strategic shift promises more steady revenue and requires less operating capital, boosting profitability.
Positivo Technologies: Pivoting Strategy Spurs Remarkable 30% Growth in 2023
Despite challenges following the pandemic boom, Positivo's diversified approach maintained stability.

In 2024, the company aims to further balance its portfolio, with corporate services projected to make up 20% to 25% of total revenue.



As businesses increasingly require help adapting to new tech trends, Positivo positions itself as a one-stop solution provider.

Despite these strides, the market has yet to fully recognize Positivo's enhanced business model.

Moura argues that the consistent quality of the company's revenue streams warrants a reevaluation of its market valuation.

As Positivo continues to mature, it stakes its claim as a formidable force in the tech industry.

MENAFN09072024007421016031ID1108421651