Tyler Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
October 23, 2024 at 04:40 pm EDT
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Tyler Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 543.34 million compared to USD 494.68 million a year ago. Net income was USD 75.9 million compared to USD 47.01 million a year ago. Basic earnings per share from continuing operations was USD 1.78 compared to USD 1.12 a year ago. Diluted earnings per share from continuing operations was USD 1.74 compared to USD 1.1 a year ago.
For the nine months, revenue was USD 1,596.67 million compared to USD 1,470.82 million a year ago. Net income was USD 197.81 million compared to USD 127.02 million a year ago. Basic earnings per share from continuing operations was USD 4.64 compared to USD 3.02 a year ago. Diluted earnings per share from continuing operations was USD 4.56 compared to USD 2.97 a year ago.
Tyler Technologies, Inc. is specialized in the development of information management software for the public sector. The group provides software solutions in the areas of financial management, education, jurisdiction, government, planning, regulation, land management, document, data and information management, assessment and taxation, public safety management and cyber security. Net sales break down by source of revenue as follows:
- sales of maintenance services (39.6%);
- sales of subscriptions (27.3%);
- sales of software-related professional services (19.6%);
- sales of licenses and royalties (9.2%);
- sales of valuation and tax software solutions (2.2%);
- other (2.1%): notably sales of computer hardware.
TYLER TECHNOLOGIES, INC. 
