Tyler Technologies Reports Earnings for First Quarter 2021
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Tyler Technologies (TYL) Tops Q1 EPS by 11c, Revenues Beat
April 28, 2021 4:21 PM EDTTyler Technologies (NYSE: TYL) reported Q1 EPS of $1.43, $0.11 better than the analyst estimate of $1.32. Revenue for the quarter came in at $294.8 million versus the consensus estimate of $288.91 million.
First Quarter 2021 Financial Highlights:
Total revenues were $294.8 million, up 6.6% from $276.5 million for the first quarter of 2020. Non-GAAP total revenues were $294.8 million, up 6.5% from $276.8 million for the first quarter of 2020.Recurring revenues from maintenance and subscriptions were $221.6 million, up 13.0% from $196.1 million for the first quarter of 2020, and comprised 75.2% of first quarter 2021 revenue.Operating income was $38.2 million, up 12.7% from $33.9 million for the first quarter of 2020.... More