Tyler Tech Q1 beats: GAAP EPS $1.26 (+75% YoY), SaaS rev +22%; raises FY24 guidance

TYLER TECHNOLOGIES INC

2024-Q1 EPS reported $1.26 revenue$512,359,000

Total revenue $512.4M (+8.6% YoY); SaaS revenue $148.8M (+22% YoY), 13th straight quarter of 20%+ SaaS growth.
GAAP EPS $1.26 (+75.4%); Non-GAAP EPS $2.20 (+26.7%); Adjusted EBITDA $134.6M (+19.6%).
FY24 guidance raised: total revenue $2.11–2.14B; Non-GAAP EPS $9.10–9.30; free cash flow margin 17–19%.
Repaid final $50M of term debt; net leverage well under 1x proforma EBITDA.
Subscription revenues $313.2M (+11.7%); SaaS comprised ~93% of new software contract value.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TYLER TECHNOLOGIES INC reported the first quarter ended March 31, 2024 results: revenue $512.4 million, net income $54.2 million, EPS $1.26 per diluted share. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $512.4 million
Net income: $54.2 million
EPS: $1.26 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights (all comparisons are to the first quarter of 2023): Revenues Total revenues were $512.4 million, up 8.6%. On an organic basis, revenues grew 7.8%. Recurring Revenues Recurring revenues from maintenance and subscriptions were $430.5 million, up 8.8%, and comprised 84.0% of

View on SEC.gov

493 earnings releases filed in the last 30 days. Browse all earnings releases →

TYLER TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0000860731-24-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.