GTY Technology (GTYH) Q1 Revenue Tops Views, Offers Guidance

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GTY Technology Holdings Inc. Announces First Quarter Financial Results

May 13, 2021 4:05 PM EDT

Annual recurring revenue of $44.1 million, up 27% year-over-year

Total first quarter revenue of $13.3 million, up 18% year-over-year

BOSTON--(BUSINESS WIRE)-- GTY Technology Holdings Inc. (Nasdaq: GTYH) (GTY), a leading vertical SaaS/Cloud solution provider for the public sector, today announced financial results for the first quarter ended March 31, 2021.

The first quarter was an outstanding start to 2021, primarily driven by robust activity across all of our business segments. We accelerated year-over-year ARR growth to 27% and achieved 18% revenue growth that exceeded guidance, said TJ Parass, CEO of GTY. We... More