Tyler Technologies: 2Q Earnings Snapshot
PLANO, Texas (AP) _ Tyler Technologies Inc. (TYL) on Thursday reported second-quarter net income of $39.2 million.
On a per-share basis, the Plano, Texas-based company said it had profit of 97 cents. Earnings, adjusted for one-time gains and costs, were $1.18 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The information management software provider posted revenue of $236.1 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $234.6 million.
Tyler Technologies expects full-year earnings in the range of $4.76 to $4.84 per share, with revenue in the range of $934 million to $948 million.
Tyler Technologies shares have climbed 34 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $237.55, a climb of 31 percent in the last 12 months.