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Tyler Technologies, Inc. (TYL) Reports In-Line Q4 EPS

February 4, 2015 4:50 PM EST

Tyler Technologies, Inc. (NYSE: TYL) reported Q4 EPS of $0.54, in-line with the analyst estimate of $0.54. Revenue for the quarter came in at $127.4 million versus the consensus estimate of $127.21 million.

Tyler Technologies, Inc. sees FY2015 EPS of $2.44-$2.52, versus the consensus of $2.47. Tyler Technologies, Inc. sees FY2015 revenue of $567-575 million, versus the consensus of $565.8 million.

“Our fourth-quarter results provided a strong finish to a year of exceptional performance for Tyler,” said John S. Marr Jr., Tyler’s president and chief executive officer. “Revenues for the quarter grew by more than 15 percent, and despite onboarding expenses associated with significant additions to our headcount during the year, we still expanded our non-GAAP operating margin by 160 basis points for the fourth quarter, and almost 300 basis points for the full year.

“Our team of professionals continues to execute at a high level and our competitive position and win rates remain very strong. This was reflected in our fourth-quarter bookings and backlog, which each grew more than 27 percent year-over-year. SaaS bookings were robust in the fourth quarter, as total new SaaS contract values achieved a new quarterly high of $31.0 million, including our largest single SaaS contract to date. For the full year, SaaS bookings rose 37 percent to $72.7 million.

“We move into 2015 with a very positive outlook, supported by the visibility provided by our recurring revenues, high backlog level and an active new business pipeline. We look forward to expanding our market-leading position and building on Tyler’s 2014 successes in the coming year,” continued Mr. Marr.

For earnings history and earnings-related data on Tyler Technologies, Inc. (TYL) click here.



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