Tyler Technologies, Inc. - TYL STOCK NEWS

Tyler Technologies reported Q4 2022 revenues of $452.2 million, a 4.3% increase year-over-year. Non-GAAP revenues were similarly reported at $452.2 million. Recurring revenues rose 7.7% to $374.0 million, representing 82.7% of total revenues. SaaS revenues grew 19.3% to $110.2 million. However, net income dropped 43.3% to $31.1 million, and non-GAAP net income fell 5.3% to $70.4 million. For 2022, total revenues hit $1.850 billion, up 16.2% from 2021. The 2023 revenue guidance is projected between $1.935 billion and $1.970 billion. CEO Lynn Moore highlighted strong public sector demand and the firm's focus on cloud transition, despite expected short-term revenue pressure.

Tyler Technologies (NYSE: TYL) has launched its Enterprise Permitting & Licensing solution at Dallas Fort Worth International Airport. This system supports the application, issuance, inspection, and enforcement of construction-related permits, enhancing user experience with a modern interface. DFW Airport aims to streamline processes for contractors and staff while ensuring secure financial transactions via a PCI-compliant module. Tyler’s solutions are designed for effective engagement and management, fitting the needs of a non-traditional government agency like DFW Airport.

Tyler Technologies (NYSE: TYL) has partnered with the Kansas Department of Revenue to enhance property information sharing through its Enterprise Data Platform and Open Data Platform. This collaboration aims to facilitate real-time access to property data, improving efficiency in property tax assessments. The solutions are FedRAMP-certified and built on Amazon Web Services, promoting secure internal data sharing. The initiative is projected to benefit both the KDOR staff and Kansas residents by providing transparent access to property data.

Tyler's platforms are currently utilized across 47 states and internationally.

Tyler Technologies, Inc. (NYSE: TYL) will present its fourth quarter 2022 results on February 16, 2023, at 10:00 a.m. ET. The conference call will be led by CEO H. Lynn Moore Jr. and CFO Brian K. Miller. A press release detailing the results will be available post-market on February 15, 2023. Participants can pre-register for the call via a provided link and access a live audio webcast on the investor relations website. Tyler Technologies delivers integrated software and tech services for the public sector, enhancing efficiencies for government entities across the globe, backed by over 37,000 installations.

Tyler Technologies, Inc. (NYSE: TYL) has signed an agreement with Lucas County, Ohio to implement its Enterprise Justice suite. This includes the Enterprise Case Manager, Financial Management, Content Management, and Custom Reporting tools. The cloud-hosted solutions will enhance real-time data sharing and streamline court processes while managing sensitive data securely.

Lucas County becomes the ninth Ohio justice community to adopt Tyler’s solutions, which aim to improve case management efficiency and compliance. This partnership underscores Tyler's commitment to enhancing public sector operations.

Tyler Technologies (NYSE: TYL) announced the launch of MyDelrayBeach, a mobile app for non-emergency communications in Delray Beach, Florida. This app is part of a broader technological enhancement initiative by the city aimed at improving resident engagement. MyDelrayBeach enables residents to report issues, track city responses, learn about events, check beach conditions, and connect via social media. Following its launch, the app was downloaded hundreds of times, helping to streamline communication and reduce unnecessary 911 calls. The next phase will involve deploying Tyler's Enterprise Permitting & Licensing software.

Tyler Technologies (NYSE: TYL) announced the successful implementation of its Enterprise Supervision solution for the Morgan County Probation Department in Illinois. This upgrade modernizes probation case management, enabling efficient reporting to the Administrative Office of the Illinois Courts. Key features include full case monitoring, easy document generation, integrated device tracking, and automatic appointment reminders, all designed to streamline operations. Tyler's solution was selected for its superior functionality to manage complex probation processes.

Tyler Technologies, Inc. (NYSE: TYL) will participate in the 25th Annual Needham Growth Conference from January 10-12, 2023, at the Lotte New York Palace Hotel. Executive Vice President and CFO Brian Miller will engage in a fireside chat on January 10 at 1:30 p.m. ET and hold one-on-one meetings throughout the event. Investors can access a live webcast of the discussion on the company's investor relations website. Tyler Technologies offers integrated software solutions for public sector efficiency and has over 37,000 installations across various locations.