From Nasdaq: 2025-02-13 08:50:51

Tyler Technologies reported strong fourth-quarter 2024 earnings, exceeding revenue expectations at $541.1 million. Non-GAAP EPS hit target at $2.43, showcasing a 28.6% increase from the previous year. The focus on cloud services and recurring revenue models drove this performance, positioning them as leaders in public sector IT services.

The company specializes in integrated software solutions for the public sector, emphasizing offerings for government entities in public safety, health, and education. Tyler’s strategic shift towards subscription-based models and cloud solutions, including partnerships with AWS, has enhanced its competitive edge. This transition aligns well with the sector’s digital modernization trends.

Tyler Technologies saw impressive growth in subscription and cloud services, with a 12.5% revenue increase in Q4 2024 to $541.1 million. Non-GAAP EPS remained steady at $2.43, marking a 28.6% rise from the previous year. Free cash flow surged by 60.7% to $216 million, showcasing effective cost management and client retention strategies.

The company anticipates total revenue for 2025 between $2.30 billion and $2.34 billion, with GAAP EPS expected at $7.31 to $7.56 and non-GAAP EPS forecasted at $10.90 to $11.15. Tyler remains bullish on SaaS revenue growth, projected to increase by 21% to 24% in the upcoming year. The focus on cloud-first strategies and integrated offerings will drive long-term financial performance and market expansion.



Read more at Nasdaq: Tyler: Recurring Revenue Soars 14.9%