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Stock impact report

Tyler Technologies Reports Earnings for Second Quarter 2018

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
Double-digit revenue growth fueled by subscription and software license revenue increases PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) today announced financial results for the second quarter ended June 30, 2018. Second Quarter 2018 Financial Highlights: Total revenues were $236.1 million, up 13.1 percent from $208.8 million for the second quarter of 2017. Organic growth was 11.2 percent. Recurring revenues from maintenance and subscriptions were $149.1 million, an increase of 15.3 percent compared to the second quarter of 2017, and comprised 63.2 percent of second quarter 2018 revenue. Operating income was $37.1 million, down 0.4 percent from $37.3 million for the second quarter of 2017. Net income was $39.2 million, or $0.97 per diluted share, up 23.3 percent compared to $31.8 million, or $0. Show less Read more
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