Tyler Technologies, Inc. (TYL) Reports In-Line Q2 EPS
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Price: $458.07 --0%
EPS Growth %: +25.0%
Financial Fact:
Software licenses: 623K
Today's EPS Names:
WF, CWBC, GLTO, More
EPS Growth %: +25.0%
Financial Fact:
Software licenses: 623K
Today's EPS Names:
WF, CWBC, GLTO, More
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Tyler Technologies, Inc. (NYSE: TYL) reported Q2 EPS of $0.36, in-line with the analyst estimate of $0.36. Revenue for the quarter came in at $103.1 million versus the consensus estimate of $103.2 million.
Tyler Technologies, Inc. sees FY2013 EPS of $1.44-$1.50, versus the consensus of $1.48. Tyler Technologies, Inc. sees FY2013 revenue of $411-416 million, versus the consensus of $413.6 million.
"We are pleased with the results Tyler Technologies achieved in the second quarter, with quarterly revenues surpassing $100 million for the first time," said John S. Marr Jr., Tyler’s president and chief executive officer. "Software licenses and royalties revenue increased almost 20 percent, while our subscription revenues grew more than 31 percent, as adoption of our SaaS model and e-filing offerings continues to expand. Our non-GAAP operating margin improved 200 basis points to 19.3 percent and non-GAAP net income rose 29 percent.
"Our bookings increased 24 percent over the second quarter of 2012, as we signed several significant contracts, including an $18 million contract with New York City for our iasWorld® property tax solution and an agreement with the city of Columbus, Ohio, valued at more than $5 million for the Microsoft Dynamics® AX ERP solution. We ended the second quarter with a record backlog of $431 million. We continue to be encouraged by improving market conditions as well as our competitive strengths, and we look forward to building on our success in the second half of the year while investing in growth initiatives like our e-filing solution for Texas courts and expanding our subscription revenues," said Mr. Marr.
For earnings history and earnings-related data on Tyler Technologies, Inc. (TYL) click here.
Tyler Technologies, Inc. sees FY2013 EPS of $1.44-$1.50, versus the consensus of $1.48. Tyler Technologies, Inc. sees FY2013 revenue of $411-416 million, versus the consensus of $413.6 million.
"We are pleased with the results Tyler Technologies achieved in the second quarter, with quarterly revenues surpassing $100 million for the first time," said John S. Marr Jr., Tyler’s president and chief executive officer. "Software licenses and royalties revenue increased almost 20 percent, while our subscription revenues grew more than 31 percent, as adoption of our SaaS model and e-filing offerings continues to expand. Our non-GAAP operating margin improved 200 basis points to 19.3 percent and non-GAAP net income rose 29 percent.
"Our bookings increased 24 percent over the second quarter of 2012, as we signed several significant contracts, including an $18 million contract with New York City for our iasWorld® property tax solution and an agreement with the city of Columbus, Ohio, valued at more than $5 million for the Microsoft Dynamics® AX ERP solution. We ended the second quarter with a record backlog of $431 million. We continue to be encouraged by improving market conditions as well as our competitive strengths, and we look forward to building on our success in the second half of the year while investing in growth initiatives like our e-filing solution for Texas courts and expanding our subscription revenues," said Mr. Marr.
For earnings history and earnings-related data on Tyler Technologies, Inc. (TYL) click here.
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