Tyler: Recurring Revenue Soars 14.9%
Tyler Technologies exceeded revenue expectations as it transitions to cloud-based solutions.
Tyler Technologies (NYSE:TYL), a leading provider of integrated software solutions for the public sector, reported its fourth-quarter 2024 earnings on February 12, 2025. The company posted revenues of $541.1 million, exceeding the expected $540 million. Non-GAAP earnings per share (EPS) were on target at $2.43. This quarter highlighted strong performance amidst a strategic pivot to cloud services and recurring revenue models.
Source: Analyst estimates for the quarter provided by FactSet.
Tyler Technologies specializes in offering a broad range of integrated software solutions for the public sector. These offerings are tailored to meet the various needs of government entities, such as those related to public safety, health, and education. The firm's competitive advantage lies in its comprehensive product suite, which integrates seamlessly with the diverse systems used by government agencies. This comprehensive offering positions Tyler as a market leader in public sector IT services.
