Tyler Technologies Reports Earnings for Second Quarter 2018
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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