financetom
Technology
financetom
/
Technology
/
Tyler Technologies beats Q1 revenue estimates on strong demand for IT services
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tyler Technologies beats Q1 revenue estimates on strong demand for IT services
Apr 24, 2024 2:25 PM

April 24 (Reuters) - Tyler Technologies ( TYL ) beat

Wall Street estimates for first-quarter revenue on Wednesday,

helped by strong demand for its information technology services

as enterprise clients are moving towards digital solutions.

The increase in enterprises and government agencies

digitizing their operations and moving data from on-premises to

the cloud is helping IT-related service companies like Tyler.

Shares of the Plano, Texas-based company rose 2.6% in

trading after the bell.

The company posted revenue of $512.4 million for the quarter

ended March 31, above analysts' estimates of $507.2 million,

according to LSEG data.

Tyler provides integrated information management solutions

and services for the public sector and professional IT services

to clients.

The IT-solution provider's subscription revenue rose 11.7%

to $313.2 million during the reported quarter from an year

earlier.

The company's first-quarter earnings per share stood at

$1.26, up from 73 cents a year earlier.

Tyler raised the lower end of its full-year 2024 revenue

forecast. It now expects revenue between $$2.11 billion to $2.14

billion, up from its earlier forecast of $2.10 billion to $2.14

billion.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Trend Lower in Thursday Trading
May 16, 2024
11:04 AM EDT, 05/16/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were trending moderately lower late Thursday morning, declining 0.61% to 1,426.72 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical companies DBV Technologies ( DBVT ) and MorphoSys ( MOR ) , which rose 7.3% and...
Evaluating GameStop Against Peers In Specialty Retail Industry
Evaluating GameStop Against Peers In Specialty Retail Industry
May 16, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating GameStop ( GME ) in comparison to its major competitors within the Specialty Retail industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is to provide...
Market Analysis: Super Micro Computer And Competitors In Technology Hardware, Storage & Peripherals Industry
Market Analysis: Super Micro Computer And Competitors In Technology Hardware, Storage & Peripherals Industry
May 16, 2024
In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating Super Micro Computer ( SMCI ) against its key competitors in the Technology Hardware, Storage & Peripherals industry. By examining key financial metrics, market position, and growth prospects,...
Exploring The Competitive Space: Palantir Technologies Versus Industry Peers In Software
Exploring The Competitive Space: Palantir Technologies Versus Industry Peers In Software
May 16, 2024
In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Palantir Technologies ( PLTR ) alongside its primary competitors in the Software industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim...
Copyright 2023-2025 - www.financetom.com All Rights Reserved