Tyler Technologies Inc
NYSE:TYL

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Tyler Technologies Inc
NYSE:TYL
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Price: 567.11 USD -1.41%
Market Cap: 24.3B USD

Tyler Technologies Inc
Investor Relations

Tyler Technologies Inc., founded in 1966 and headquartered in Plano, Texas, is a company that has masterfully positioned itself at the intersection of technology and governance, effectively becoming the digital backbone for countless municipal, county, and state agencies across the United States. Its suite of software solutions addresses a wide spectrum of administrative needs — from public safety and courts to tax appraisal and school management. Rather than simply selling off-the-shelf software, Tyler engages in a deeply consultative sale process, customizing its offerings to fit the distinctive workflows and regulatory requirements of each client. This tailored approach not only enhances operational efficiency but also fosters long-term client relationships.

The revenue engine for Tyler Technologies hums on a business model that combines both upfront software licensing and a recurrent stream of subscription and maintenance fees. By securing long-term contracts, the company enjoys a steady and predictable income from its client base, which values the stability and ongoing support that Tyler provides. With governments increasingly seeking to modernize their technology infrastructures, Tyler capitalizes on this trend by offering cloud-based solutions and seamlessly integrating its products into existing systems. The dependability and security of Tyler’s offerings, coupled with its domain expertise, make it a formidable player in the public sector technology market, sustaining its growth and profitability over the years.

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Earnings Calls

2024 Q3
Oct 24, 2024
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Tyler Technologies Achieves Strong Q3 with SaaS Growth and Margin Expansion
2024 Q3
Oct 24, 2024

Tyler Technologies reported a strong third quarter, with total revenues rising 9.8% to $543.3 million. The notable shift to SaaS continued, as SaaS revenues grew 20.3% and made up 97% of new contract value. Recurring revenues climbed 12.1%, with a total annualized recurring revenue of approximately $1.85 billion. Non-GAAP operating margin expanded to 25.4%, reflecting successful cloud efficiency initiatives. For 2024, the company expects total revenues between $2.125 billion and $2.145 billion, with GAAP diluted EPS projected at $6.13 to $6.28, signaling robust future growth.

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Management

Mr. John S. Marr Jr.
Executive Chairman of the Board
No Bio Available
Mr. H. Lynn Moore Jr.
CEO, President & Director
No Bio Available
Mr. Brian K. Miller CPA
Executive VP & CFO
No Bio Available
Mr. Jeffrey D. Puckett
Chief Operating Officer
No Bio Available
Mr. Jason P. Durham
Chief Accounting Officer
No Bio Available
Mr. Jeffrey S. Green
Chief Technology Officer
No Bio Available
Mr. Kevin W. Iwersen
Chief Information Officer
No Bio Available
Ms. Hala Elsherbini
Senior Director of Investor Relations
No Bio Available
Ms. Abigail M. Diaz
Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Samantha B. Crosby
Chief Marketing Officer
No Bio Available

Contacts

Address
TEXAS
Plano
5101 Tennyson Pkwy
Contacts
+19727133700.0
www.tylertech.com