Non-GAAP total revenues were $285.9 million, up 3.2% from $277.2 Executive Vice President & CFO Tyler Technologies Q4 2019 ... to work in partnership with AWS to accelerate our move to the cloud as well as increased investment and expanding our revenue streams for payments. Streamlined workflows through customized, electronic document management tools translate into real-time and dollar savings. Protecting your organization from cyberattacks is a full-time endeavor that grows more demanding, specialized, and sophisticated every day. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, (Amounts in thousands, except per share data), Subscriptions, software services and maintenance, Selling, general and administrative expenses, Amortization of customer and trade name intangibles. Tyler Technologies has provided in this press release financial measures that have not been prepared in accordance with generally accepted accounting principles (GAAP) and are therefore considered non-GAAP financial measures. The top 10 competitors average 381.8M. After a quarter of negative growth, Tyler Technologies is now back on track with YoY revenue growth of 3.2% and 18% growth in subscription revenue. Net income was $39.3 million, or $0.94 per diluted share, down 2.7% compared to $40.4 million, or $1.00 per diluted share, for the third quarter of 2019. You’ll save time, increase efficiency, and provide the unparalleled level of customer service your constituents expect and deserve. Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Public sector agencies manage a variety of complex, mission-critical tasks each day — from monitoring the city budget and generating payroll for municipal employees to collecting revenues from citizens and generating utility bills. Something went wrong while loading Watchlist. Our disability and benefits solutions help programs and agencies quickly get benefits into the hands of those who need it most, all while lowering cost and streamlining the process. Tyler Technologies, Inc. (NYSE: TYL) today announced financial results for the third quarter ended September 30, 2020.Third Quarter 2020 Financial Highlights:Total revenues were $285.7 million, up 3.8% from $275.4 million for the third quarter of 2019. Instant access to the tools you need to tackle your most complex recording challenges in a single, secure, and unified system. We expressly disclaim any obligation to publicly update or revise our forward-looking statements. We experienced an IT security incident in late September which also reduced services revenues in the quarter by an estimated $1.5 million. I'm extremely proud of how the entire Tyler team has risen to face the challenges of this year head-on, supporting our clients as well as each other. Registered participants will receive an email with a calendar reminder and a dial-in number and PIN that will allow them to listen to the call live. Pre-tax non-cash, share-based compensation expense is expected to be approximately $77 million. Tyler Technologies expects full-year earnings in the range of $5.48 to $5.58 per share, with revenue in the range of $1.12 billion to $1.13 billion. Wall Street analysts expect that Tyler Technologies, Inc. (NYSE:TYL) will report $290.86 million in sales for the current quarter, Zacks Investment Research reports. Tyler Technologies reported third-quarter 2020 non-GAAP earnings of $1.50 per share, which surpassed the Zacks Consensus Estimate of $1.34. Total bookings were $292 million, up 12.9% compared to the third quarter of 2019. The non-GAAP tax rate used in future periods will be reviewed periodically to determine whether it remains appropriate in consideration of factors including Tyler's periodic effective tax rate calculated in accordance with GAAP, changes resulting from tax legislation, changes in the geographic mix of revenues and expenses, and other factors deemed significant. Data is at the core of everything schools do, and so the technology that helps you manage it must be powerful, secure, and easy to use and learn. Organic revenue growth was 3.3%. Annual stock financials by MarketWatch. Courts and justice agencies at every level — state, district, county and municipal — share a common need for software solutions that simplify processes, improve workflow, and ensure efficient and consistent operations. Moreover, the bottom line increased 11.1% from the year-ago quarter’s reported tally. Tyler believes the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures. The live webcast and archived replay can also be accessed at https://tylertech.irpass.com/Presentations. Find related and similar companies as well as employees by title and much more. Cookie Notice. Tyler Technologies expects full-year earnings in the range of $5.48 to $5.58 per share, with revenue in the range of $1.12 billion to $1.13 billion. We collaborate with public sector and technology experts to stay current on ways to improve our communities. The company’s customers include … Tyler has more than 26,000 successful installations across more than 10,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Copyright © 2020 MarketWatch, Inc. All rights reserved. Tyler … Tyler Technologies was founded by Joseph F. McKinney in 1966 as Saturn Industries after buying three government companies from Ling-Temco-Vought. Five analysts have provided estimates for Tyler Technologies’ earnings, with the lowest sales estimate coming in at $288.72 million and the highest estimate coming in at $292.90 million. Tyler Technologies Inc. View Tyler Technologies (www.tylertech.com) location in Texas, United States , revenue, industry and description. To access the replay, please dial 877-344-7529 (U.S. callers), 412-317-0088 (international callers) and 855-669-9658 (Canada callers) and reference passcode 10147974. Cash flows from operations and free cash flow also reached record levels, growing 30.5% and 34.8%, respectively. We provide solutions to manage all aspects of the property tax life cycle. Extraordinaries & Discontinued Operations, Trump inclined to tap special counsel to probe election loss to Biden, Andrew Cuomo emerges as contender for Biden’s attorney general nod, First COVID-19 vaccine receives emergency-use authorization from U.S. FDA. Log in to see them here or sign up to get started. Total depreciation and amortization expense is expected to be approximately $81 million, including approximately $54 million from amortization of acquisition intangibles. Capital expenditures are expected to be in the range of $30 million to $31 million, including approximately $10 million related to real estate and approximately $6 million of capitalized software development costs. Welcome to the billion-dollar club, Tyler Technologies. Tyler Technologies (NYSE:TYL): Q3 Non-GAAP EPS of $1.50 beats by $0.17; GAAP EPS of $0.94 misses by $0.12.Revenue of $285.7M (+3.7% Y/Y) beats by $1.7M.FY Guidance: GAAP total revenues … As of June 30, 2020, Tyler Technologies is providing the following guidance for the full year 2020: GAAP total revenues are expected to be in the range of $1.124 billion to $1.144 billion. We signed significant contracts for our Odyssey® court case management solution with the Washington State Administrative Office of the Courts and Dallas County, Texas, that culminated extended sales processes, and public safety bookings more than doubled last year's third quarter. This information includes non-GAAP revenues, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP earnings per diluted share, EBITDA, and adjusted EBITDA. "Revenues continued to be impacted by the COVID-19 pandemic. We finished the quarter with a new record high backlog of $1.55 billion," added Moore. Tyler Technologies annual/quarterly net income history and growth rate from 2006 to 2020. Find the latest Earnings Report Date for Tyler Technologies, Inc. Common Stock (TYL) at Nasdaq.com. Tyler Q3 Earnings & Revenues Surpass Estimates, Up Y/Y. Non-GAAP diluted earnings per share are expected to be in the range of $5.48 to $5.58. GAAP total revenues are expected to be in the range of $1.117 billion to $1.129 billion. Historical and current end-of-day data provided by FACTSET. At Tyler, we imagine a world where all city, county, and regional government services are connected within a healthy digital infrastructure. Our balance sheet is stronger than ever, and we ended the quarter with $650 million in cash and investments and no outstanding debt. Non-GAAP total revenues were $285.9 million, up 3.2% from $277.2 million for the third quarter of 2019. 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