GTY Technology (GTYH) Misses Q1 EPS by 23c, Revenues Miss; Withdraws FY20 Guidance

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Go back to GTY Technology (GTYH) Misses Q1 EPS by 23c, Revenues Miss; Withdraws FY20 Guidance

GTY Technology Holdings Announces First Quarter 2020 Results: Q1 GAAP Revenues Up 42%; 300+ Organizations Seek GTY’s Covid-19 Program; Withdraws 2020 Guidance and Expects Annual Revenue Growth

May 8, 2020 7:00 AM EDT

BOSTON--(BUSINESS WIRE)-- GTY Technology Holdings Inc. (Nasdaq: GTYH) (GTY), a leading vertical SaaS/Cloud solution for the public sector, today announced financial results for the quarter ended March 31, 2020.

First quarter GAAP revenues up 42% year-over-year to $11.3 million First quarter non-GAAP revenues up 31% year-over-year to $11.6 million More than 300 State and Local Governments seek GTY emergency Covid-19 Care Program; Grants Management, Procurement and Budgeting software in demand Company withdraws previously issued guidance for the full year 2020 due to uncertainties with respect to COVID-19-related disruption... More