Strong Start to Fiscal Year 2025
Tyler Technologies exceeded expectations across key revenue and profitability metrics, achieving a 10.3% increase in total revenues to $565.2 million and a 21% growth in SaaS revenues.
Expansion of Non-GAAP Operating Margin
The non-GAAP operating margin expanded to 26.8%, up 300 basis points from the previous year, driven by efficiencies in cloud operations and a shift to higher-margin SaaS revenues.
Cloud Transition Driving Efficiency
The company's cloud transition is enhancing scalability and driving efficiency gains, supported by version consolidation and cloud-optimized releases.
Significant First-Quarter Wins
First-quarter wins included a full enterprise justice cloud migration valued at $800,000 in ARR and a $31 million ARR payment processing contract extension with the state of Florida.
Positive Guidance for 2025
Revised annual guidance reflects positive outlook with expected total revenues between $2.31 billion and $2.35 billion, and non-GAAP diluted EPS between $11.05 and $11.35.