Tyler Technologies (TYL) Tops Q2 EPS by 3c, Offers FY Guidance
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Tyler Technologies Reports Earnings For Second Quarter 2016
July 27, 2016 4:17 PM EDTCloud growth strong as subscription revenues increase by 26 percent
PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) today announced financial results for the second quarter ended June 30, 2016.
Second Quarter 2016 Financial Highlights:
Total revenue was $189.0 million, up 29.2 percent from $146.3 million for the second quarter of 2015. Organic growth was 10.6 percent. Recurring revenue from maintenance and subscriptions was $112.7 million, an increase of 30.4 percent compared to the second quarter of 2015, and comprised 59.6 percent of second quarter 2016 revenue. Operating income was $30.9 million, an... More