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Tyler Technologies: 2Q Earnings Snapshot

July 29, 2020 GMT

PLANO, Texas (AP) _ Tyler Technologies Inc. (TYL) on Wednesday reported second-quarter earnings of $53.9 million.

On a per-share basis, the Plano, Texas-based company said it had net income of $1.30. Earnings, adjusted for one-time gains and costs, were $1.38 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The information management software provider posted revenue of $271.1 million in the period. Its adjusted revenue was $271.3 million, falling short of Street forecasts. Six analysts surveyed by Zacks expected $280.2 million.

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Tyler Technologies expects full-year earnings in the range of $5.30 to $5.50 per share, with revenue in the range of $1.13 billion to $1.15 billion.

Tyler Technologies shares have risen 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $350.77, an increase of 51% 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