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Stock impact report

Tyler Technologies Reports Earnings for First Quarter 2019

Tyler Technologies, Inc. (TYL) 
Last tyler technologies, inc. earnings: 4/29 04:17 pm Check Earnings Report
US:NYSE Investor Relations: investors.tylertech.com
Company Research Source: Business Wire
Subscription revenues grew 37% as bookings rose 17% PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) today announced financial results for the first quarter ended March 31, 2019. First Quarter 2019 Financial Highlights: Total revenues were $247.1 million, up 11.7% from $221.2 million for the first quarter of 2018. Organic revenue growth was 5.5%. Non-GAAP total revenues were $248.8 million, up 12.4% from $221.4 million for the first quarter of 2018. Non-GAAP organic revenue growth was 5.4%. Recurring revenues from maintenance and subscriptions were $167.4 million, an increase of 17.1% compared to the first quarter of 2018, and comprised 67.8% of first quarter 2019 revenue. Operating income was $34.5 million, down 11.2% from $38.8 million for the first quarter of 2018. Non-GAAP operating income was $63.0 million, up Show less Read more
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