Tyler Technologies: Q2 Earnings Snapshot
PLANO, Texas (AP) — PLANO, Texas (AP) — Tyler Technologies Inc. (TYL) on Wednesday reported second-quarter earnings of $67.7 million.
The Plano, Texas-based company said it had net income of $1.57 per share. Earnings, adjusted for stock option expense and amortization costs, were $2.40 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The information management software provider posted revenue of $541 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $537.3 million.
Tyler Technologies expects full-year earnings in the range of $9.25 to $9.45 per share, with revenue in the range of $2.12 billion to $2.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TYL at https://www.zacks.com/ap/TYL