Guidewire Software (GWRE) FY Conference June 05, 2025 10:20 AM ET Speaker0 you, everybody. My name is Dylan Becker. I am the research analyst here at William Blair that covers Guidewire software. We have the CFO, Jeff Cooper, here with us today. Jeff, thank you for joining us. Prior before we get started, he's got a presentation. He'll run through about ten or fifteen minutes on background on the business. Before that, all of the necessary disclosures for this presentation and the conversation can be found ...

Tyler Technologies (TYL) 2025 Conference June 04, 2025 10:15 AM ET Speaker0 Morning, everybody. Thanks for joining for day two of Baird's global consumer technology and services conference. I'm Rob Oliver. I follow the SaaS and software sector here at Baird, and it's a pleasure to have have Brian Miller, CFO of Tyler. Brian, good to see you. Thanks. Great to be here. Thanks. Hala Elserbini from Investor Relations for Tyler's also in the room. If you're not familiar with the Tyler story, I hope you you leave ...

Tyler Technologies (TYL) FY Conference Summary Company Overview - Tyler Technologies is an enterprise software company focused exclusively on the public sector vertical market, serving almost all domestic governments in the U.S. with a primary focus on local government [3][4] - The company has a broad portfolio of products and the largest customer base in the public sector software market [5][6] Financial Performance - Tyler has achieved a 20% compound annual growth rate (CAGR) in recurring revenues over the last five years, with 85% of revenues now being recurring [6][8] - SaaS revenue has grown at a 25% CAGR since 2019, marking the seventeenth consecutive quarter of over 20% SaaS growth [7][8] - The company reported a free cash flow margin of just shy of 27% last year, with gross retention rates averaging between 98-99% [8][9] Market Position and Growth Opportunities - The total addressable market (TAM) for public sector software is approximately $32 billion, with Tyler holding about 6% market share, indicating significant growth potential [8][16] - The public sector software market is fragmented, with 88,000 local government entities using hundreds of thousands of systems, many of which are legacy systems that need replacement [21][17] - The shift towards cloud adoption and digital modernization in government operations is expected to drive steady demand for Tyler's solutions [19][20] Product Offerings - Tyler's product categories include ERP and financial systems, courts and justice systems, public safety solutions, K-12 education systems, and civic services [10][12] - The company has a strong focus on mission-critical applications that support government operations, with a significant portion of its employee base having prior public sector experience [22][43] Strategic Initiatives - Tyler is in a new growth era, focusing on cloud transition, expanding its state and federal market presence, and enhancing client experience [14][29] - The company has a history of acquisitions, having completed about 60 since its inception, which has helped expand its product offerings and market reach [23][25] - Key growth pillars include leveraging the existing customer base for cross-selling, expanding into state and federal markets, and growing its transaction-based business following the acquisition of NIC [26][34] Future Outlook - Tyler aims to achieve over 90% recurring revenues by 2030, with a target of $2 billion in total revenues by that year [32][38] - The company anticipates gross margin expansion of 400 to 500 basis points through cloud optimization and product version consolidation [39] - Current guidance for free cash flow margin is set at 24% to 26%, exceeding the initial target of 17% to 19% [40] Unique Selling Proposition - Tyler's unique position in the market stems from its deep vertical focus on public sector needs, extensive product offerings tailored for government, and a workforce with significant public sector experience [42][44]

Core Viewpoint - IHS Holding Limited is expected to report strong first-quarter 2025 results, with earnings projected to increase significantly year-over-year, driven by growth in emerging markets and demand for communication infrastructure [1][4][16]. Financial Performance - The Zacks Consensus Estimate for earnings is 17 cents per share on revenues of $421.3 million, reflecting a 342.9% increase in earnings from the previous year and a 0.8% growth in revenues [1]. - First-quarter earnings estimates have been revised upward by 21.4% over the past 60 days [1]. - IHS has a history of earnings surprises, with an average surprise of negative 46.6% over the last four quarters, but achieved an 812.5% surprise in the last reported quarter [2][3]. Market Position and Growth Drivers - IHS is benefiting from its expanding presence in emerging markets, particularly in Africa, with solid demand for mobile communication infrastructure amid increasing 5G deployment [4][6]. - The company reported a total of 16,495 towers in Nigeria, a 0.6% year-over-year increase, contributing to its performance [5]. - The addition of approximately 100 towers and over 800 tenants in the SSA market in 2024 is expected to drive results [6]. Strategic Initiatives - IHS has successfully renewed and extended all MTN MLAs, including a significant deal with Airtel Nigeria to add 3,950 new tenancies [7]. - The company's strategic priorities and growth investments are anticipated to support sustained growth and shareholder value [16][17]. Valuation and Price Performance - IHS shares have increased by 55.6% over the past three months, outperforming the Zacks Communication - Infrastructure industry's growth of 13.2% and the S&P 500's decline of 4.1% [9]. - The forward 12-month price-to-earnings (P/E) ratio for IHS is 8.04X, below the industry average of 9.89X, indicating an attractive valuation for investors [13].

HALA ELSHERBINI, SENIOR DIRECTOR, INVESTOR RELATIONS Forward-Looking Statements CONNECT 2025 | INVESTOR SESSION MAY 12, 2025 Tyler Technologies Welcome & Safe Harbor Tyler currently uses a non-GAAP tax rate of 22.5%.This rate is based on Tyler's estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP income in calculating Tyler's non-GAAP income, as well as significant non-recurring tax adjustments. The non-GAAP tax rate used in future periods will be reviewed period ...