Tyler Technologies Inc.
Tyler Technologies Reports Strong Q4 2024 Financial Results and Raises Full-Year Guidance
Summary
Tyler Technologies, Inc. reported robust financial results for the fourth quarter of 2024, with total revenues of $541.1 million, a 12.5% increase year-over-year. Recurring revenues grew by 14.9% to $463.9 million, driven by a 21.9% increase in subscription revenues. The company's GAAP net income was $65.2 million, or $1.49 per diluted share, up 67.7% from the prior year. Non-GAAP net income was $106.7 million, or $2.43 per diluted share. For the full year 2024, Tyler Technologies achieved total revenues of $2.138 billion, up 9.5% from 2023. The company also provided guidance for 2025, expecting total revenues between $2.30 billion and $2.34 billion, with subscription revenues projected to grow between 15% and 18%.
Profitelligence Alerts
Get alerts for TYL
Be first to know when Tyler Technologies Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Tyler Technologies Inc.
Tyler Technologies Inc. delivers integrated software solutions and services for public sector organizations across the United States, aiming to empower government entities to become more efficient and transparent. The company's comprehensive product suite covers a wide range of administrative functions, including enterprise resource planning, public safety, justice, tax, appraisal evaluations, and citizen services. By providing these critical systems, Tyler Technologies supports various sectors from local government offices to educational institutions and court systems, ensuring the smooth operation and management of public resources and records. A significant player in the GovTech industry, Tyler Technologies focuses on facilitating digital transformation, helping clients transition to digital-first services, and improving service delivery to communities. Established in 1966 and headquartered in Plano, Texas, the company plays a pivotal role in modernizing government technology, creating scalable solutions designed to meet the unique needs of public sector clients.
Official SEC Documents
Advertisement