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Tyler Technologies, Inc. (NYSE: TYL) is a prominent provider of comprehensive information management solutions tailored for local government entities. Established in Plano, Texas, Tyler Technologies is on a mission to enhance the efficiency, accessibility, and responsiveness of public sector organizations, including cities, counties, schools, and courts.
With a client base that spans over 14,000 local government offices across all 50 states, Canada, the Caribbean, the United Kingdom, and other international locations, Tyler Technologies is at the forefront of empowering public administration. The company’s flagship products include:
- Munis: Tyler’s core Enterprise Resource Planning (ERP) system designed to integrate various administrative operations and enhance financial management.
- Odyssey: A robust Court Management System (CMS) that streamlines judicial processes and improves case management efficiency.
- Payments: A versatile platform facilitating seamless financial transactions and payment processing.
Beyond these core offerings, Tyler Technologies provides a diverse array of add-on modules and outsourced services, such as property tax assessment, to meet the unique needs of its clients. The company's dedication to innovation and consistent performance has earned it a spot on Forbes' list of “America’s Best Small Companies” eight times and inclusion in the Barron's 400 Index, recognizing the most promising companies in America, six times.
Tyler Technologies continues to drive advancements in public sector software, forming strategic partnerships and undertaking significant projects to modernize government operations. The company's solutions are designed to foster transparency, improve citizen engagement, and support the evolving demands of governmental bodies. For the latest updates, financial performance, and news about Tyler Technologies, visit their official website at www.tylertech.com.
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Tyler Technologies (TYL) signs a five-year contract with the state of Maryland for digital government solutions, extending a 12-year relationship. The agreement focuses on secure, scalable, cloud-hosted infrastructure accessible to all Marylanders, with the potential for a five-year extension. Tyler currently offers over 160 digital government services in Maryland, including Maryland Business Express and Maryland.gov.
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Tyler Technologies, Inc. (NYSE: TYL) celebrates ten years of successful mandatory electronic filing in all 254 counties in Texas, processing over 100 million filings. The company's partnership with the Texas Office of Court Administration has revolutionized the legal system, enabling online court operations during natural disasters like Hurricane Harvey and the COVID-19 pandemic.
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Tyler Technologies, Inc. (NYSE: TYL) partners with the Commonwealth of Kentucky to implement Tyler's Cannabis Licensing solution in preparation for the launch of the Kentucky Medical Cannabis Program. Tyler's software will support the regulation of medical cannabis, ensuring safe access for patients and maintaining regulatory compliance.
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Tyler Technologies (TYL) has been named to Forbes' 'America's Best Large Employers' list for 2024, marking its first inclusion in this category. The company has previously been recognized on Forbes' Best Midsize and Best Small Employers lists 11 times. Tyler's President and CEO, Lynn Moore, expressed excitement over the growth and commitment to empowering the public sector. The selection was based on a survey of over 170,000 U.S. employees, with Tyler being one of 600 large companies across various industries.
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Tyler Technologies, Inc. (NYSE: TYL) to participate in three investor conferences in March 2024, including Morgan Stanley Technology, Media & Telecom Conference, Citizens JMP Technology Conference, and DA Davidson Best-of-Breed Bison Conference. Brian Miller, the executive vice president and chief financial officer, will represent the company in fireside chats and 1x1 meetings.
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Tyler Technologies, Inc. (TYL) reported impressive financial results for the fourth quarter of 2023, with total revenues of $480.9 million, up 6.3%. Recurring revenues were $403.6 million, up 7.9%, with SaaS revenues growing significantly by 21.7%. The company's GAAP net income was $38.9 million, or $0.91 per diluted share, up 25.2%. Tyler Technologies also completed acquisitions of ResourceX and ARInspect during the quarter. Full-year 2023 revenues were $1.952 billion, up 5.5%, with recurring revenues at $1.63 billion, up 9.8%. SaaS revenues grew by 23.2%. The company provided optimistic guidance for 2024, expecting total revenues in the range of $2.095 billion to $2.135 billion.
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Tyler Technologies, Inc. (TYL) signs an eight-year agreement with the California Department of Parks and Recreation to enhance the state park reservation system using Tyler's Outdoor Recreation solution. The agreement aims to provide a seamless digital experience for park visitors, streamline transactions, and improve overall visitor experience. Tyler's partnership with California State Parks since 2016 demonstrates a commitment to creating equitable access to the outdoors.
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Tyler Technologies, Inc. (NYSE: TYL) has signed a five-year agreement with the Idaho Supreme Court to transition its Enterprise Case Manager solution to Tyler’s SaaS deployment. This transition will bring better security, flexibility, and stability to the state's court administration. The migration to Tyler’s SaaS offering across 44 counties and 200 courtrooms will eliminate the need for the ISC to manage servers and perform backups, enabling them to focus on other mission-critical technology matters and business operations. The SaaS solution will also provide increased protection against natural disasters and security threats. The state of Idaho, with a population of roughly 1.9 million, will benefit from these improvements.
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Tyler Technologies, Inc. (NYSE: TYL) has expanded its eight-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to enable its clients and public sector agencies to move to the cloud more easily. The collaboration aims to streamline migrations from on-premises solutions to Tyler’s next-generation cloud applications, providing better experiences for citizens and public sector employees. This move supports Tyler’s vision to complete its transition to the cloud by 2030.
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Tyler Technologies, Inc. (TYL) will hold a conference call and webcast to discuss its Q4 2023 results on Feb. 15, 2024. The teleconference, hosted by the president and CEO, and the executive vice president and CFO, will provide access to the live audio webcast and archived replay on the company's investor relations website. Participants can pre-register for the teleconference and will receive an email with access details.
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FAQ
What is the current stock price of Tyler Technologies (TYL)?
The current stock price of Tyler Technologies (TYL) is $597.21 as of November 21, 2024.
What is the market cap of Tyler Technologies (TYL)?
The market cap of Tyler Technologies (TYL) is approximately 25.9B.
What does Tyler Technologies, Inc. do?
Tyler Technologies provides information management solutions and services for local governments, including software for cities, counties, schools, and courts.
Where is Tyler Technologies headquartered?
Tyler Technologies is headquartered in Plano, Texas.
What are the core products of Tyler Technologies?
The core products of Tyler Technologies include Munis (an ERP system), Odyssey (a court management system), and a payments platform.
How many clients does Tyler Technologies have?
Tyler Technologies serves over 14,000 local government offices across various regions including the United States, Canada, the Caribbean, and the United Kingdom.
Has Tyler Technologies received any notable recognition?
Yes, Tyler Technologies has been named one of 'America’s Best Small Companies' by Forbes eight times and has been included in the Barron’s 400 Index six times.
What additional services does Tyler Technologies offer?
In addition to its core software solutions, Tyler Technologies offers add-on modules and outsourced property tax assessment services.
Is Tyler Technologies an equal opportunity employer?
Yes, Tyler Technologies is an equal opportunity employer, providing consideration to all qualified applicants without regard to race, creed, gender/sex, marital status, or sexual orientation.
How does Tyler Technologies impact local governments?
Tyler Technologies enhances the efficiency, accessibility, and responsiveness of local governments through its software solutions, improving operations and citizen engagement.
Where can I find more information about Tyler Technologies?
More information about Tyler Technologies can be found on their official website at www.tylertech.com.
Tyler Technologies, Inc.
NYSE:TYL
TYL Rankings
TYL Stock Data
25.87B
42.57M
0.53%
93.65%
1.3%
Software - Application
Services-prepackaged Software
United States of America
PLANO