Tyler Technol - TYL STOCK NEWS

Tyler Technologies has signed an agreement with the city of Branson, Missouri, to provide multiple integrated applications from its Public Administration solution suite. The city will implement Tyler's Enterprise ERP software suite, as well as the Enterprise Permitting & Licensing solution. The solutions will be powered by Amazon Web Services (AWS). Tyler's system will bring various functionalities to Branson, including financial management, human resources management, utility billing, and community development planning.

Tyler Technologies, Inc. has published its fourth annual corporate responsibility report, highlighting its environmental, social, and governance (ESG) activities. The report focuses on employee engagement, governance, diversity, equity, and inclusion (DEI) initiatives, and information security. It also mentions notable achievements such as recognition by the Dow Jones Sustainability Index, expansion of the Environmental Task Force, and spending $61 million with diverse suppliers.

Tyler Technologies reported its Q1 2023 financial results with total revenues reaching $471.9 million, an increase of 3.5% year-over-year. On an organic basis, revenue growth was 7.2%, excluding COVID-related revenues. Recurring revenues from maintenance and subscriptions rose 9.1% to $395.6 million, comprising 83.8% of total revenues. Notably, SaaS revenues grew 24.4% to $126.6 million. However, GAAP operating income fell 19.5% to $45.0 million, and GAAP net income decreased 22.8% to $30.9 million, or $0.73 per diluted share. Cash flow from operations improved by 39.5% to $74.7 million. For 2023, the company expects total revenues between $1.935 billion and $1.970 billion and GAAP diluted EPS of $3.65 to $3.80.

Tyler Technologies (NYSE: TYL) announced an Investor Day to be held on June 15, 2023, in Frisco, Texas, beginning at 8:30 a.m. The event will feature presentations by Lynn Moore, President and CEO, and the senior leadership team focusing on Tyler's cloud transition and strategic growth roadmap. Key topics will include Tyler's differentiated payments platform and mid- to long-term financial targets, which align with the 2030 vision for the company. A live video webcast of the presentations will be available, with in-person attendance limited to invited participants only.

Tyler Technologies provides integrated software and technology services to public sector entities, with over 40,000 installations across 13,000 locations globally, significantly impacting its operational reach and efficiency.