AP NEWS

Tyler Technologies: 2Q Earnings Snapshot

July 26, 2018

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.

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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