earnings
confidence high
sentiment positive
materiality 0.65
Tyler Tech Q2 revenue $468.7M (+16%); GAAP EPS $0.94, non-GAAP $1.88; subscription growth 28%
TYLER TECHNOLOGIES INC
2022-Q2 EPS reported
$1.88
revenue$924,792,000
- Total revenue $468.7M (+16% YoY); organic growth 6.2% ex-COVID. Recurring revenue $372.6M (79.5% of total).
- GAAP net income $39.9M ($0.94 EPS); non-GAAP net income $79.5M ($1.88 EPS). Adjusted EBITDA $119M (+3.8%).
- Subscription revenue grew 28% total, 14.1% organic; 74% of new software contract value was subscription (vs 65%).
- FY2022 guidance: revenue $1.835B-$1.870B; non-GAAP EPS $7.36-$7.52; interest expense guidance raised ~$7M.
- Cash from ops $76.7M (vs -$20.3M prior); free cash flow $60M (vs -$33.5M). Backlog $1.85B (+13.9%).