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 June 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. empl ...

For the quarter ended June 2024, Tyler Technologies (TYL) reported revenue of $540.98 million, up 7.3% over the same period last year. EPS came in at $2.40, compared to $2.01 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $537.34 million, representing a surprise of +0.68%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $2.34. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers a ...

Tyler Technologies (TYL) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.56%. A quarter ago, it was expected that this information management software provider would post earnings of $2.03 per share when it actually produced earnings of $2.20, delivering a surprise of 8.37%. Over t ...

Tyler Technologies (TYL) is slated to report second-quarter 2024 results after market close on Jul 24. The Zacks Consensus Estimate for second-quarter earnings is pegged at $2.34 per share, indicating an increase of 16.4% from the year-ago quarter. The consensus mark for revenues is pegged at $537.3 million, suggesting a 6.6% increase from the year-ago quarter. Tyler surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.7%. In the last reported quarter, T ...

Subscription Model Gains Traction: To align with clients' evolving needs, industry participants are increasingly adopting subscription and term license-based revenue models, moving away from traditional upfront payment models. Subscription-based models offer greater revenue visibility and higher recurring revenues, benefiting companies in the long term. However, this transition might slow top-line growth as subscription revenues are recognized more gradually compared to upfront term-license payments. The Za ...

TYL is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Value Scor ...

Tyler Technologies, Inc.'s (TYL) shares have risen 18.1% year to date, significantly outperforming the Zacks Business - Software Services industry's decline of 1.8%. This robust performance is driven by the increasing adoption of digital technologies by public sector bodies and governments across the United States. TYL has a robust workforce in Maine, with more than 1,250 employees based in the state. The company has consistently been recognized as one of the best places to work in Maine, which is a testame ...

To support its ongoing projects of bringing digital transformation in the public sector and governance, Tyler recently launched a new manufacturing facility in Kingston Springs, TN, to support the growth of its Enterprise Corrections software. So far in 2024, Tyler has gained two major correctional facilities as its clients. It has strengthened the U.S. legal system by working with the Florida Department of Corrections ("FDC") and the Guam Department of Corrections. Tyler (TYL) shares have climbed 16.7% yea ...

Tyler Technologies (TYL) recently launched an electronic lien and title service for vehicle titling in collaboration with Champ Titles, Inc. and the New Jersey Motor Vehicle Commission. This electronic system will eliminate the lengthy paper-based processes and facilitate lienholders to communicate in real time with the commission. Moreover, this digitization is expected to bring transparency to the lien and titling process by eliminating the scope of document manipulation and obfuscation. Furthermore, the ...

So far in 2024, the company has signed deals with the Florida Department of Corrections, Illinois Police Department, Guam Department of Corrections, Jackson Public Schools, Florida-based Collier County, California State Parks, Idaho Supreme Court, Wyoming State Parks, City of Edina and the Commonwealth of Kentucky. The entire setup took a nine-month implementation time and involved TYL's multiple applications, such as Civil Serve, Civil Query, Civil Mobile, GIS Connector and Sales Web. The platform will be ...