Strong Revenue Growth
Total revenues for the quarter were $596.1 million, up 10.2% from the previous year.
SaaS Revenue Increase
SaaS revenues grew 21.5% to $189.6 million, marking the 18th consecutive quarter of SaaS growth over 20%.
Record Transaction Revenue
Transaction-based revenue grew 21.3%, surpassing $200 million for the first time.
Operating Margin Expansion
Non-GAAP operating margin expanded 200 basis points to 26.5%.
Significant Free Cash Flow Increase
Free cash flow grew 80.9% to $88 million, significantly exceeding expectations.
Strong SaaS Bookings
SaaS bookings were up 47.7% sequentially from Q1 and up 8.2% year-over-year.
Acquisition of Emergency Networking
Acquisition expands Tyler's TAM and adds an important piece to Tyler's public safety portfolio.
Recognition in Gartner Magic Quadrant
Recognized as a Leader and Visionary in the Gartner Magic Quadrant for Cloud-Based ERP for U.S. Local Government.