Tyler Technologies, Inc. - TYL STOCK NEWS

Tyler Technologies (NYSE: TYL) recently announced its Community Readiness solution is expanding in correctional facilities across cities like Nashville and Atlanta. Silas Deane III, the manager of this initiative, received the Leadership and Innovation Award from the National Association of Community and Restorative Justice during the NACRJ Conference held from July 7-9 in Chicago. The Community Readiness solution aims to reduce recidivism by connecting incarcerated individuals with community organizations to facilitate education, job placement, and housing post-release.

Tyler Technologies (TYL) reported a strong second quarter for 2022, with total revenues reaching $468.7 million, a 16.0% increase from the previous year. Recurring revenues from subscriptions grew 28.2%, accounting for 79.5% of total revenue. Operating income rose 48.2% to $56.8 million, and net income reached $39.9 million, or $0.94 per diluted share, up 56.5%. Annualized recurring revenue is now $1.49 billion, up 16.3%. The company expects total revenues for 2022 to be between $1.835 billion to $1.870 billion.

Tyler Technologies (NYSE: TYL) has partnered with Infinite Campus to provide a premier student information system (SIS) solution to its clients. This collaboration aims to enhance educational processes and support existing clients with a seamless transition to Infinite Campus, which will be available at no additional cost for most districts. The integration is designed to streamline operations, including registration, assessment, and remote learning. Overall, the agreement is not expected to materially impact Tyler's operating results.

Tyler Technologies (NYSE: TYL) has signed an agreement with Orange County, Florida, to implement its Enterprise Assessment & Tax solution, powered by iasWorld®. This comprehensive solution aims to manage the county's property assessment process efficiently. The features include upholding fair taxation, staying compliant with legislation, integrating third-party data, and streamlining operations. This solution is currently used across jurisdictions in 26 states, enhancing productivity and informed decision-making.

Tyler Technologies (NYSE: TYL) announced the Jersey Village Police Department in Texas has implemented its cloud-based Enterprise Public Safety solution, including CAD and mobile reporting. This transition enhances operational efficiency, security, and reduces the need for in-house IT resources. By using AWS, the department eliminates server maintenance and expects faster software updates. The system integrates GIS mapping and improves emergency response. Tyler Technologies continues to demonstrate its commitment to public safety technology with over 37,000 successful installations globally.

Tyler Technologies, Inc. (NYSE: TYL) will discuss its Q2 2022 results on July 28, 2022, at 10:00 a.m. ET. The press release detailing these results will be issued after market close on July 27, 2022. The conference call will feature H. Lynn Moore Jr., president and CEO, and Brian K. Miller, executive vice president and CFO. Participants can pre-register or use a dial-in number to join the call. Tyler Technologies offers integrated software and services for public sector clients and has over 37,000 installations across more than 12,000 locations globally.

Tyler Technologies (NYSE: TYL) has entered an agreement with Lima, Ohio, to implement its Enterprise Public Safety and Enterprise Justice solutions. This aims to replace outdated technology used by the Lima Police Department and Municipal Court, enhancing operational efficiency. Key benefits include improved case management, increased access to information for staff, and mobile-friendly solutions. The systems will run on Amazon Web Services (AWS), ensuring better security and reduced costs. Lima’s selection marks a significant expansion within Ohio, joining over 100 agencies using Tyler’s software.

Tyler Technologies (NYSE: TYL) has awarded scholarships totaling $10,000 to three high school students in Maine as winners of the 2022 Maine App Challenge. The contest received a record number of submissions, promoting creativity in mobile app development. Winners include Yuliya Buturlia, Frazier Dougherty, and Ian Lajoie. The Maine App Challenge, developed in partnership with the University of Maine, aims to inspire future technology professionals. Tyler Technologies has invested over $70,000 in scholarships since the contest's inception in 2015.

Tyler Technologies (NYSE: TYL) has signed two agreements in Fairfield County, Ohio, enhancing its courts and public safety services. The Probate and Juvenile Court will implement Tyler's Enterprise Justice suite to upgrade its legacy system, improving case management and operational efficiency. The Sheriff's Office will adopt solutions from the Enterprise Public Safety suite to streamline dispatch and records management. These cloud-based solutions, hosted on AWS, will enhance security and reduce IT burdens, supporting the county's needs effectively.