Tyler Technologies Reports Earnings for First Quarter 2020
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Tyler Technologies (TYL) Reports In-Line Q1 EPS, Revenues Miss
April 29, 2020 4:19 PM EDTTyler Technologies (NYSE: TYL) reported Q1 EPS of $1.25, in-line with the analyst estimate of $1.25. Revenue for the quarter came in at $276.5 million versus the consensus estimate of $279.98 million.
First Quarter 2020 Financial Highlights:
Total revenues were $276.5 million, up 11.9% from $247.1 million for the first quarter of 2019. Organic revenue growth was 6.4%. Non-GAAP total revenues were $276.8 million, up 11.3% from $248.8 million for the first quarter of 2019. Non-GAAP organic revenue growth was 5.7%.Recurring revenues from maintenance and subscriptions were $196.1 million, an increase of 17.1% compared to the first quarter of 2019, and comprised 70.9% of first quarter 2020 revenue.Operating... More