Tyler Technologies quarterly revenue misses estimates
TYL•Quarterly results and updated guidance
- Tyler also expanded its share repurchase authorization by $1.5 billion.
- The company posted total revenue of $645.1 million for the quarter ended June 30, up 8.2% from a year ago and below the $648.1 million expected by analysts, according to data compiled by LSEG.
- Adjusted earnings per share rose to $3.08 from $2.91 a year ago, above analysts' average estimate of $3.06.
- It maintained its annual revenue guidance range of $2.54 billion to $2.58 billion.
- Full-year adjusted EPS guidance was raised to a range of $12.95 to $13.20, versus prior guidance of $12.5 to $12.75.
Revenue misses estimates as profit outlook rises
July 29 (Reuters) - Public sector software provider Tyler Technologies on Wednesday reported second-quarter revenue that fell short of Wall Street estimates, but lifted its annual profit forecast.
Tyler, which provides integrated software and services to manage cities, schools, courts and other government agencies, is expanding its AI capabilities by building automated tools into the software that governments use.
