Tyler Technol - TYL STOCK NEWS

Tyler Technologies (NYSE: TYL) has been named one of the 2022 Best Places to Work in Maine for the 15th consecutive year, recognized in the Large Employer Category. The award highlights the company's commitment to maintaining a positive workplace culture while expanding its team, which now exceeds 1,250 employees across multiple Maine offices. The selection process involved a detailed evaluation of workplace policies and an employee survey, managed by Best Companies Group, aimed at fostering excellence among employers.

Tyler Technologies (NYSE: TYL) has secured a one-year extension for its digital government and payment services contract with the Commonwealth of Kentucky, building on a 19-year partnership. NIC Kentucky, a subsidiary of Tyler, facilitates secure, mobile-first solutions for over 300 services and processes more than $7 billion in payments annually. This extension emphasizes the importance of online services during critical situations like the COVID-19 pandemic and natural disasters, enhancing public access to government services.

Tyler Technologies (NYSE: TYL) will participate in five investor conferences in August and September 2022. Key dates include:

• D.A. Davidson Tech Conference on Aug. 23 at Big Sky Resort, Montana.
• Deutsche Bank 2022 Technology Conference on Sept. 1 at Encore at Wynn, Las Vegas, featuring a fireside chat.
• Evercore ISI 2nd Annual TMT Conference on Sept. 7 in New York.
• Wolfe Research 2nd Annual TMT Conference on Sept. 7 in San Francisco.
• Piper Sandler Growth Frontiers Conference on Sept. 14 in Nashville.

Webcast available at Tyler's investor site.

Tyler Technologies, Inc. (NYSE: TYL) has secured a partnership with the Dallas County Sheriff’s Office in Texas to implement its Enterprise Corrections solution. This integrated jail management software aims to enhance operations by connecting civil and criminal courts with the jail. Key benefits include real-time access to inmate information, improved safety for residents and staff, data security, reduced data entry tasks, and compliance with state standards. Dallas County, with over 6 million residents, is the second-most populous county in Texas.

Tyler Technologies (NYSE: TYL) has launched its Community Readiness solution with the Nashville-Davidson County Sheriff’s Office, aiding incarcerated individuals in successful community re-entry. This software connects inmates with vital resources such as housing, jobs, and counseling services. With a focus on reducing recidivism, the solution serves over 1,700 individuals, significantly improving their chances of reintegration. Already deployed in two facilities, it streamlines DCSO operations by minimizing paperwork, allowing staff to prioritize safety and effectiveness.

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.