Tyler Technologies (TYL) Tops Q1 EPS by 4c
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Tyler Technologies Reports Earnings for First Quarter 2015
April 22, 2015 4:07 PM EDTQuarterly net income rises 45 percent as revenues grow 20 percent
PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) today announced financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights:
Total revenue was $135.0 million, up 19.8 percent from $112.6 million for the first quarter of 2014. Organic growth was 19.2 percent. Recurring revenue from maintenance and subscriptions was $82.6 million, an increase of 16.8 percent compared to the first quarter of 2014, and comprised 61.2 percent of first quarter 2015 revenue. Royalty revenue from Microsoft Dynamics®... More