earnings
confidence high
sentiment positive
materiality 0.80
Tyler Tech Q1 rev $456M (+55% total, +13% organic); non-GAAP EPS $1.90; guides FY rev ~$1.85B
TYLER TECHNOLOGIES INC
2022-Q1 EPS reported
$0.94
revenue$456,108,000
- Total rev $456.1M (+54.7% YoY, organic +12.8%); GAAP EPS $0.94, non-GAAP EPS $1.90.
- Recurring rev $362.5M (79.5% of total, +63.6% YoY); subscription rev organic +33.8%.
- Bookings $419M (+70.1% YoY); subscription contracts 80% of new software value.
- FY2022 guidance: rev $1.835-1.870B, GAAP EPS $3.92-4.08, non-GAAP EPS $7.48-7.64.
- Completed acquisition of US eDirect for ~$117M cash in Q1.