Tyler Tech Q3 SaaS revs up 26% organic; cash from ops +37%; guides FY23 non-GAAP EPS $7.66-$7.80

TYLER TECHNOLOGIES INC

2023-Q3 EPS reported $2.97 revenue$1,470,817,000

Total revenue $494.7M (+4.5% YoY); recurring revenue $412.7M (83.4% of total, +11% YoY).
SaaS organic growth 26% to $138.5M; ARR $1.65B (+11% YoY).
GAAP EPS $1.10 (down 11.7% YoY); non-GAAP EPS $2.14 (up 4.9%).
Cash from operations $177.5M (+37.2% YoY); free cash flow $162.7M (+40.7%).
Acquired CSI for ~$36M cash; net leverage reduced to 1.24x proforma EBITDA.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

TYLER TECHNOLOGIES INC reported full year 2023 results: revenue Total revenues are expected to be in the range of $1.942 billion to $1.962 billion., EPS GAAP diluted earnings per share are expected to be in the range of $3.82 to $3.96. Guidance reaffirmed.

Period: full year 2023
Revenue: Total revenues are expected to be in the range of $1.942 billion to $1.962 billion.
EPS: GAAP diluted earnings per share are expected to be in the range of $3.82 to $3.96
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

As of November 1, 2023, Tyler Technologies is providing the following guidance for the full year 2023: • Total revenues are expected to be in the range of $1.942 billion to $1.962 billion. • GAAP diluted earnings per share are expected to be in the range of $3.82 to $3.96

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TYLER TECHNOLOGIES INC reported third quarter ended September 30, 2023 results: revenue Total revenues were $494.7 million, net income GAAP net income was $47.0 million, EPS GAAP net income was $47.0 million, or $1.10 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: Total revenues were $494.7 million
Net income: GAAP net income was $47.0 million
EPS: GAAP net income was $47.0 million, or $1.10 per diluted share
Result: reported results

Exact text from the filing

Third Quarter 2023 Financial Highlights: Revenues Total revenues were $494.7 million, up 4.5% from the third quarter of 2022.

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Source: SEC EDGAR

accession 0000860731-23-000035

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