- Tyler Technology’s adjusted earnings per share (EPS) for the third quarter is $2.52, surpassing last year’s $2.14 and beating the estimate of $2.43.
- Total revenue reached $543.3 million, marking a 9.8% increase from the previous year.
- Software Licenses & Royalties revenue dropped to $6.19 million, a decline of 41% from last year, falling short of the $9.29 million estimate.
- Subscription revenue increased by 18% to $347.2 million, slightly below the estimate of $348.7 million.
- Maintenance revenue slightly decreased by 1.6% to $115.6 million, but was above the estimate of $114.1 million.
- Hardware & Other revenue declined by 3.9% to $9.93 million, slightly missing the $10.1 million estimate.
- Professional services revenue grew 5.5% to reach $64.5 million, nearly meeting the estimate of $65.6 million.
- Analyst recommendations include 15 buys, 4 holds, and no sells.
Tyler Technologies on Smartkarma
On Smartkarma, the independent investment research network, analysts like Baptista Research are closely following Tyler Technologies. In their latest report titled “Tyler Technologies: Cybersecurity Concerns Spurring SaaS Adoption! But Can Its AI Acquisitions Save The Day? – Major Drivers,” Baptista Research highlights the positive start to Tyler Technologies‘ year with Q1 2024 results exceeding expectations across key metrics. They note a significant growth in recurring revenues, accounting for 84% of total revenues, and strong public sector demand driven by healthy budgets.
The sentiment from Baptista Research leans towards bullish, indicating optimism about Tyler Technologies‘ performance amid cybersecurity concerns pushing SaaS adoption. The report sheds light on the potential impact of the company’s AI acquisitions in shaping its future success. This analysis provides valuable insights for investors looking to understand the factors influencing Tyler Technologies‘ market outlook.
A look at Tyler Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores analysis, Tyler Technologies shows a promising long-term outlook. With a strong Growth score of 4 and Momentum score of 4, the company is positioned well for future expansion and market performance. This indicates that Tyler Technologies is forecasted to have healthy growth potential and is currently exhibiting positive market momentum.
While the Value and Dividend scores are moderate at 2 and 1 respectively, the Resilience score of 3 suggests that the company has a good level of stability and adaptability. Overall, Tyler Technologies, Inc. appears to be a solid investment option with favorable growth prospects in the sector of providing information management solutions and services for local governments in various countries.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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