Tyler Technologies (TYL) Tops Q3 EPS by 5c
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Tyler Technologies Reports Earnings For Third Quarter 2015
October 21, 2015 4:17 PM EDTQuarterly revenue, earnings and backlog reach record levels
PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) today announced financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Financial Highlights:
Total revenue was $150.8 million, up 17.2 percent from $128.7 million for the third quarter of 2014. Organic growth was 15.7 percent. Recurring revenue from maintenance and subscriptions was $90.1 million, an increase of 16.3 percent compared to the third quarter of 2014, and comprised 59.7 percent of third quarter 2015 revenue. Royalty revenue from Microsoft Dynamics® AX,... More