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Tyler Technologies (TYL)
NYSE:TYL
Holding TYL?
Track your performance easily
Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.44Last Year’s EPS
1.89Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -2.21%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in SaaS revenue growth, new contract values, and free cash flow, with successful cross-selling and improved operating margins. However, challenges include the impact of shifting to SaaS contracts on license revenue and the effect of merchant fees on margins.Company Guidance
During Tyler Technologies' Q3 2024 earnings call, several key metrics and guidance updates were highlighted. The company reported total revenues of $543.3 million, reflecting a 9.8% year-over-year increase, with SaaS revenues growing 20.3% to $166.6 million, marking the 15th consecutive quarter of 20% or more growth in SaaS revenues. Recurring revenues, comprising 85% of total revenues, grew 12.1%. New software bookings included a SaaS contract value of approximately $105.6 million, up 78% from the previous year. The non-GAAP operating margin expanded to 25.4%. Free cash flow reached a quarterly high of $252.9 million, up 55.5% year-over-year. For 2024, the company expects total revenues between $2.125 billion and $2.145 billion, with non-GAAP diluted EPS projected between $9.47 and $9.62. SaaS arrangements represented 97% of new software contract value, with significant contributions from public safety, courts, and enterprise resource planning solutions.Strong SaaS Revenue Growth
SaaS revenues grew 20.3%, marking the 15th consecutive quarter of SaaS revenue growth of 20% or more, consistent with the target of a 20% CAGR in SaaS revenues through 2025.
Record New SaaS Contract Value
New SaaS contract value reached approximately $105.6 million, up 78% over last year, with SaaS arrangements comprising 97% of new software contract value in the third quarter.
High Free Cash Flow
Free cash flow reached a new quarterly high at $252.9 million, up 55.5% from the previous year.
Strong Bookings in Courts & Justice
Notable deals included a $35 million contract with Kentucky Court of Justice and a $9.6 million SaaS contract with Phoenix, Arizona Municipal Court.
Successful Cross-Selling Initiatives
Significant cross-sell wins included a multiyear strategic contract with the Texas Office of Courts Administration and a modernization project with the Illinois Department of Financial and Professional Regulation.
Improved Operating Margins
Non-GAAP operating margin expanded to 25.4%, benefiting from cloud efficiency initiatives and improved professional services margins.
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TYL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TYL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $582.22 | $611.67 | +5.06% |
| Jul 24, 2024 | $515.80 | $564.34 | +9.41% |
| Apr 24, 2024 | $419.00 | $458.07 | +9.32% |
| Feb 14, 2024 | $440.13 | $441.11 | +0.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tyler Technologies (TYL) report earnings?
Tyler Technologies (TYL) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Tyler Technologies (TYL) earnings time?
Tyler Technologies (TYL) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TYL EPS forecast?
TYL EPS forecast for the fiscal quarter 2024 (Q4) is 2.44.
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