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Tyler Technologies (TYL)
NYSE:TYL
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.55Last Year’s EPS
2.2Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -4.22%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook for Tyler Technologies, with strong growth in SaaS and transaction revenues, significant operating margin expansion, and record free cash flow. Despite some challenges such as the wind-down of the Texas payments contract and expected declines in maintenance and professional services revenue, the overall sentiment is positive, reflecting confidence in continued growth and margin improvement.Company Guidance
In the fourth quarter of fiscal year 2024, Tyler Technologies reported strong financial performance and provided guidance for 2025, highlighting key metrics and strategic initiatives. The company achieved a nearly 15% growth in recurring revenue, driven by a 23% increase in SaaS revenue, marking the sixteenth consecutive quarter of over 20% SaaS revenue growth. Non-GAAP operating margins expanded to 24.4%, supported by a shift towards higher SaaS revenues, while free cash flow reached a record $216 million. For 2025, Tyler Technologies anticipates total revenues between $2.30 billion and $2.34 billion, with SaaS revenue expected to grow between 21% and 24% and transaction revenues by 10% to 12%. The company aims to achieve non-GAAP diluted EPS between $10.90 and $11.15 and free cash flow margins of 24% to 26%. Tyler Technologies continues to focus on its cloud-first strategy, with a significant portion of new software contracts being cloud-based, and is optimistic about reaching its long-term targets, including a recurring revenue CAGR of 10% to 12% and $1 billion in free cash flow by 2030.Strong SaaS Revenue Growth
SaaS revenue grew 23% in Q4, marking the sixteenth consecutive quarter of 20% or more growth. The company also reported SaaS adoption with 97% of new software contract value in the cloud.
Record Transaction Revenues
Transaction revenues reached a new quarterly high, growing nearly 21% driven by new transaction services and higher transaction volumes.
Significant Operating Margin Expansion
Non-GAAP operating margin expanded to 24.4%, benefiting from the shift to higher SaaS revenues.
Strong Bookings and New Contracts
New software bookings in Q4 included $141 million in new SaaS contract value, up 37% from last year.
Free Cash Flow Achievements
Free cash flow of $216 million significantly exceeded expectations, reaching a new high for a fourth quarter.
Expansion in Public Safety Solutions
The company signed notable SaaS contracts in public safety, including deals with the Iowa Department of Public Safety and Michigan State Police.
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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 |
|---|---|---|---|
| Feb 12, 2025 | $610.27 | $646.74 | +5.98% |
| 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% |
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 Apr 23, 2025, TBA Not Confirmed.
What is Tyler Technologies (TYL) earnings time?
Tyler Technologies (TYL) earnings time is at Apr 23, 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 2025 (Q1) is 2.55.
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