Tyler Tech Q2 2024: SaaS revs +23%, GAAP EPS $1.57, Non-GAAP $2.40; revises FY guidance

TYLER TECHNOLOGIES INC

2024-Q2 EPS reported $2.82 revenue$1,053,335,000

Total revenues $541.0M (+7.3%); recurring revs $449.0M (+8.4%), 83% of total.
SaaS revs $156.0M (+23.2%); ARR $1.80B (+8.4%).
GAAP diluted EPS $1.57 (+38% YoY); Non-GAAP diluted EPS $2.40 (+21% YoY).
Adjusted EBITDA $144.0M (+14.7%); operating cash flow $64.3M vs -$19.2M year ago.
FY 2024 guidance: revs $2.120-2.150B, Non-GAAP EPS $9.25-9.45, FCF margin 18-20%.

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