Tyler Technologies, Inc.

$19.00

Want a discount? Become a member by purchasing Annual Subscription!
SKU: TYL Category:

Description

Tyler Technologies, Inc. delivered mixed results for the previous quarter, with revenues below the analyst consensus. However, it managed to surpass Wall Street’s earnings expectations. Key operational initiatives were executed at a high level, resulting in remarkable achievements across various metrics. The recurring revenue mix increased to 83.4%, with SaaS revenues organically growing by an impressive 26%. Despite a slight decline in operating margins, the margins exceeded plan expectations, showcasing operational efficiencies and prudent expense management, particularly in cloud operations. Notably, the company achieved flat margins compared to the previous year despite significant progress in cloud optimization and transition efforts, setting the stage for improved operating margins in 2024. Besides, Tyler secured contracts with key entities such as the Naperville Police Department, expanding its presence in the public safety market. Cross-sell successes were evident in the digital solutions division, with wins in Utah, Louisiana, and Indiana under state enterprise agreements. A substantial license win with the US National Guard Bureau marked a major achievement in the federal market. The company also emphasized successful acquisitions, including Computer Systems Innovations, bringing AI-driven automation and enhanced document processing technology. Two additional tuck-in acquisitions—ARInspect and ResourceX- brought AI-powered solutions for public sector operations and priority-based budgeting, further enhancing Tyler’s capabilities.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!