TYL shifts its major clients from its older ICOMPLAINTS platform to its latest Application Platform-based EEO Case Management software.
Tyler Technologies (TYL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Tyler Technologies (TYL) reported earnings 30 days ago. What's next for the stock?
TYL remains a buy rating due to strong execution and subscription revenue growth, driving margin expansion. 2Q24 results show solid performance with revenue beating estimates, SaaS growth at 23%, and EBIT margin expansion. Cloud transition is on track with strong SaaS revenue growth, customer conversions, and positive margin inflection, supporting a higher valuation.
Tyler Technologies' (TYL) second-quarter 2024 results reflect robust year-over-year growth in subscription revenues.
While the top- and bottom-line numbers for Tyler Technologies (TYL) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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.
Tyler's (TYL) Q2 performance is expected to have benefited from the robust demand for its SaaS solutions as the public sector continues to transition from on-premise to cloud-based systems.
MSCI, Cognizant, Tyler and Guidewire have been highlighted in this Industry Outlook article.
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Tyler (TYL) and the Arizona Supreme Court are set to extend the use of TYL's Enterprise Supervision solution for juvenile probation across 15 counties.
Tyler (TYL) expands its footprint by opening a new state-of-the-art office in Orono, ME, which will accommodate approximately 75 full-time and part-time employees.