July 24 (Reuters) - Tyler Technologies ( TYL ) raised

its full-year revenue and profit forecasts on Wednesday, helped

by robust demand in the public sector for its IT software and

services.

The company provides integrated information management

solutions and services, including software and hardware

installation, for the public sector and professional IT services

to clients.

State and local governments in the United States looking to

digitize their operations and better manage e-governance

services require IT products and services from companies like

Tyler.

"Our new business pipeline remains at elevated levels,

reflecting a robust market environment, growing cross-sell

opportunities, and continued solid execution by our sales

organization," said CEO Lynn Moore.

The Plano, Texas-based company raised its revenue forecast

for 2024 to between $2.12 billion and $2.15 billion, compared

with its prior projection of $2.11 billion to $2.14 billion.

According to LSEG data, analysts estimate revenue of $2.13

billion on average.

The company also raised its annual adjusted profit forecast

to between $9.25 and $9.45 per share, from its prior estimate of

$9.10 to $9.30.

The IT solutions provider's subscription revenue rose 12.1%

to $333.7 million in the second quarter ended June 30. Its SaaS

(software as a service) revenue grew 23.2% to $156 million.

Tyler posted revenue of $541 million for the quarter, in

line with estimates, and an adjusted profit of $2.40 per share.