secwatch.observer — SEC 8-K summary
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Issuer:     TYLER TECHNOLOGIES INC (TYL)
CIK:        0000860731
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000860731-23-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Tyler Q1 revenues $471.9M (+3.5%); SaaS up 24.4%; GAAP EPS $0.73
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- Total revenues $471.9M (+3.5% YoY, +7.2% organic); recurring revenues $395.6M (83.8% of total).
- SaaS revenues $126.6M (+24.4% organic); SaaS comprised 87% of new software contract value.
- GAAP diluted EPS $0.73 (down 22.8%); Non-GAAP diluted EPS $1.76 (down 7.6%).
- Adjusted EBITDA $112.5M (down 5.6%); free cash flow $63.6M (+55.1%).
- 2023 guidance: total rev $1.935-1.970B; Non-GAAP EPS $7.50-7.65.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860731/000086073123000016/0000860731-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860731/000086073123000016/tyl-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000860731-23-000016

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