Tyler Technologies reports Q1 adjusted EPS $3.09, consensus $3.01

Reports Q1 revenue $613.5M, consensus $609.06M. “Our first quarter results exceeded expectations for our key performance measures, with recurring and total revenues setting new quarterly records,” said Lynn Moore, Tyler’s president and chief executive officer. “We achieved double-digit recurring revenue growth, led by exceptional SaaS growth, extending our impressive track record with 21 consecutive quarters of 20% or greater SaaS growth. The healthy public sector demand environment was reflected in our strong bookings growth, and continued momentum with strategic initiatives across our business reinforces our confidence in achieving or exceeding our 2030 goals. We continue to invest in innovation and long-term growth through both product development and M&A,” concluded Moore.