Tyler Q3 revenue $459.9M (+61% YoY); non-GAAP EPS $2.01; raises FY2021 guidance

TYLER TECHNOLOGIES INC

2021-Q3 EPS reported $2.53 revenue$1,158,750,000

Total revenues $459.9M (+60.9% YoY); organic growth 7.6%; recurring revenue 80.6% of total.
Non-GAAP EPS $2.01 vs $1.50 YoY (+36.3%); GAAP EPS $1.04 vs $0.94.
Free cash flow $192.8M (record high); adjusted EBITDA $125M (+40.6%).
NIC contributed $43.3M COVID-related revenue; acquisitions VendEngine and Arx for $96M combined.
FY2021 guidance: GAAP revenue $1.577–1.597B; non-GAAP EPS $6.94–$7.02.

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