Oct 23 (Reuters) - Tyler Technologies ( TYL ) raised its

full-year revenue and profit forecast and surpassed Wall

Street's third-quarter profit expectations, fueled by strong

demand for its IT services.

The recent trend of public sector clients shifting

enterprise workloads from internal data centers to the cloud has

boosted revenue for IT providers like Tyler Technologies ( TYL ).

The company now projects revenue for its fiscal year 2024 in

a range of $2.13 billion to $2.15 billion, compared with its

prior projection of $2.12 billion and $2.15 billion.

Analysts had estimated full year 2024 revenue to be $2.14

billion, according to data compiled by LSEG data.

The Plano, Texas-based company also revised its

full-year adjusted profit forecast to be between $9.47 and

$9.62, from its prior estimate of $9.25 to $9.45 per share.

Tyler offers IT services and software designed to

streamline data processing and enhance workflow for public

sector organizations.

"The total contract value signed this quarter for

on-premises client flips to the cloud was more than triple that

of last year's third quarter" said Lynn Moore, CEO of Tyler

Technologies ( TYL ).

The IT-solution provider's subscription revenue rose

17.6% to $347.2 million during the reported quarter from a year

earlier.

Third-quarter profit per share stood at $2.52, compared with

analysts' expectation of $2.43.

However, the company posted revenue of $543.3 million for

the quarter ended Sept. 30, missing analysts' average estimate

of $547.4 million.