Tyler Technologies (TYL) shares have gained 46.9% in the year-to-date period, outperforming the Zacks Business - Software Services industry, Zacks Computer and Technology Sector and S&P 500 index’s return of 21.4%, 28.8% and 25.1%, respectively. TYL’s outperformance can be attributed to its steady flow of customer wins, strong partnerships and robust financials.Tyler recently signed a multi-year partnership with CourtCall. Together, the two companies will enhance remote and hybrid court hearings by streamli ...

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Tyler Technologies TYL reported better-than-expected third-quarter adjusted EPS results and raised its FY24 adjusted EPS guidance, after the closing bell on Wednesday.Tyler Technologies reported quarterly earnings of $2.52 per share which beat the analyst consensus estimate of $2.43 per share. The company reported quarterly sales of $543.34 million which missed the analyst consensus estimate of $547.35 million.Tyler Technologies shares fell 0.8% to trade at $606.79 on Friday.These analysts made changes to t ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2024 were $543.3 million, an increase of 9.8% year-over-year, with organic growth of 9.4% [17] - Subscription revenue increased by 17.6%, with SaaS revenues growing by 20.3% to $166.6 million [17] - Non-GAAP operating margin expanded to 25.4%, up 60 basis points from the previous year [19] - Free cash flow reached a new quarterly high of $252.9 million, up 55.5% [20] Business Line Data and Key Metrics Changes - Recurring revenues grew by 12.1%, comprising 85% of total revenues [6] - New software bookings for SaaS contracts reached approximately $105.6 million, up 78% year-over-year [7] - The Courts & Justice business secured significant contracts, including a $35 million deal with Kentucky Court of Justice [10] Market Data and Key Metrics Changes - SaaS arrangements accounted for 97% of new software contract value in Q3, compared to 80% last year [17] - The public sector market remains robust, supported by healthy budgets and a focus on modernizing systems through cloud adoption [8] Company Strategy and Development Direction - The company focuses on a cloud-first strategy, leveraging its installed base, expanding into new markets, and growing its payments business [8] - Significant progress has been made in cloud optimization and version consolidation to facilitate client migrations [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term targets despite non-linear progress [6] - The competitive landscape has remained stable, with no significant increase in competition noted [31] Other Important Information - The company was recognized as one of America's greenest companies and for its workplace culture [22] - Updated 2024 annual guidance expects total revenues between $2.125 billion and $2.145 billion, with GAAP diluted EPS between $6.13 and $6.28 [21] Q&A Session Summary Question: Is the recent increase in contract value for flips a new run rate? - Management indicated that while the recent quarter was strong, it may not represent a new run rate, but they expect continued growth in flip volume [24][26] Question: Are there any sales slowdowns due to the election? - Management reported no slowdowns or hesitations due to the election, with most divisions meeting or exceeding sales plans [28][29] Question: How is the competitive landscape evolving? - Management noted that competition has remained stable, with no significant changes in competitive pressure [31] Question: What is the outlook for cash flow and margins in 2025? - Management indicated that they are ahead of their 2025 targets for cash flow and expect margins to remain stable [33][40] Question: What are the reasons for client hesitancy in flipping to the cloud? - Hesitancy is often due to historical control issues and aging technology, but increasing cyber threats are making clients more open to cloud solutions [61]

Tyler Technologies, Inc. (TYL) reported third-quarter 2024 non-GAAP earnings of $2.52 per share, which beat the Zacks Consensus Estimate of $2.44. The bottom line was higher than the year-ago quarter’s earnings of $2.14.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Non-GAAP revenues increased 9.8% year over year to $543.3 million. However, the top line missed the Zacks Consensus Estimate of $546.4 million.The year-over-year improvement in the top line was primarily due to a rise in ...

Core Insights - Tyler Technologies reported revenue of $543.34 million for the quarter ended September 2024, reflecting a year-over-year increase of 9.8% [1] - The company's EPS was $2.52, up from $2.14 in the same quarter last year, with an EPS surprise of +3.28% against a consensus estimate of $2.44 [1] Financial Performance Metrics - Annualized Recurring Revenues (ARR) reached $1.85 million, slightly above the estimated $1.83 million [2] - Subscription revenue was reported at $347.17 million, compared to the average estimate of $348.89 million, marking a year-over-year increase of 17.6% [2] - Professional services revenue was $64.46 million, below the estimate of $65.77 million, with a year-over-year change of +5.5% [2] - Hardware and other revenue was $9.93 million, slightly below the estimate of $10.04 million, representing a year-over-year decrease of 3.9% [2] - Maintenance revenue was $115.59 million, exceeding the estimate of $112.31 million, with a year-over-year change of -1.6% [2] - Software licenses and royalties revenue was reported at $6.19 million, significantly below the estimate of $9.42 million, reflecting a year-over-year decline of 41.4% [2] - Gross profit from hardware and other was $3.88 million, above the average estimate of $3.50 million [2] - Gross profit from software licenses and royalties was $4.32 million, below the average estimate of $6.33 million [2] Stock Performance - Over the past month, shares of Tyler Technologies have returned +0.1%, compared to a +2.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Tyler Technologies (TYL) came out with quarterly earnings of $2.52 per share, beating the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.28%. A quarter ago, it was expected that this information management software provider would post earnings of $2.34 per share when it actually produced earnings of $2.40, delivering a surprise of 2.56%.Over the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission File Number 1-10485 TYLER TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 75-2303920 (State or other jurisdiction of incorporation or organization)(I.R.S. ...

Tyler Technologies (TYL) is scheduled to report third-quarter 2024 results after market close on Oct. 23.The Zacks Consensus Estimate for third-quarter earnings is pegged at $2.44 per share, indicating an increase of 14% from the year-ago quarter, unchanged over the past 60 days. The consensus mark for revenues is pegged at $546.4 million, suggesting a 10.5% increase from the year-ago quarter.TYL’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 5 ...

Wall Street analysts forecast that Tyler Technologies (TYL) will report quarterly earnings of $2.44 per share in its upcoming release, pointing to a year-over-year increase of 14%. It is anticipated that revenues will amount to $546.43 million, exhibiting an increase of 10.5% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cour ...