Tyler Technologies Reports Earnings for Second Quarter 2018
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Tyler Technologies (TYL) Tops Q2 EPS by 5c, Revenues Beat; Offers FY18 EPS/Revenue Outlook
July 26, 2018 4:21 PM EDTTyler Technologies (NYSE: TYL) reported Q2 EPS of $1.18, $0.05 better than the analyst estimate of $1.13. Revenue for the quarter came in at $236.1 million versus the consensus estimate of $234.01 million.
Second Quarter 2018 Financial Highlights:
Total revenues were $236.1 million, up 13.1 percent from $208.8 million for the second quarter of 2017. Organic growth was 11.2 percent.Recurring revenues from maintenance and subscriptions were $149.1 million, an increase of 15.3 percent compared to the second quarter of 2017, and comprised 63.2 percent of second quarter 2018 revenue.Operating income was $37.1 million, down 0.4 percent from $37.3 million for the second quarter of 2017.Net income was... More