Tyler Tech Q2 revenue $504M (+7.6% YoY); SaaS organic growth 20%, non-GAAP EPS $2.01

TYLER TECHNOLOGIES INC

2023-Q2 EPS reported $1.87 revenue$976,133,000

Total revenues $504.3M (up 7.6% YoY); organic growth 10.4%; GAAP EPS $1.15 (up 23%).
Recurring revenues $414.3M (82.2% of mix); SaaS organic growth 20% to $131.5M.
Non-GAAP diluted EPS $2.01 (up 8.1%); adjusted EBITDA $125.5M (up 5.4%).
Cash flow from ops -$19.2M due to $90M tax payments under Section 174 capitalization rules.
FY 2023 guidance: rev $1.940-1.965B, non-GAAP EPS $7.60-7.75; expects margin expansion in 2024.

item 2.02

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TYLER TECHNOLOGIES INC reported the second quarter ended June 30, 2023 results: revenue $504.3 million, net income $49.1 million, EPS $1.15 per diluted share. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $504.3 million
Net income: $49.1 million
EPS: $1.15 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Inc. (NYSE: TYL) today announced financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights: Revenues Total revenues were $504.3 million, up 7.6% from the second quarter of 2022. On an organic basis, revenues grew 10.4%. Recurring Revenues Recurring revenues from maintenance and subscriptions were $414.3 million,

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Source: SEC EDGAR

accession 0000860731-23-000026

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