secwatch.observer — SEC 8-K summary
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Issuer:     TYLER TECHNOLOGIES INC (TYL)
CIK:        0000860731
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000860731-22-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Tyler Tech Q2 revenue $468.7M (+16%); GAAP EPS $0.94, non-GAAP $1.88; subscription growth 28%
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860731/000086073122000032/0000860731-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860731/000086073122000032/tyl-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000860731-22-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer