TYL Earnings Prediction
The chart below shows how TYL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TYL sees a -0.63% change in stock price 10 days leading up to the earnings, and a +2.22% change 10 days following the report. On the earnings day itself, the stock moves by +0.12%. This data can give you a slight idea of what to expect for the next quarter's release.
TYL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
543.34M
9.84%
0.44%
Gross Margin
41.15%
-1.48%
-0.60%
Operating Margin
15.24%
12.47%
5.69%
Net Margin
13.97%
47.05%
11.58%
EPS
1.74
58.18%
10.83%
No Data Available
TYL Earnings Analysis
Tyler Technologies, Inc. Corporation (TYL.N) Earnings Conference Call
Positive
Quarterly Revenue Increase: Total revenues for the quarter were $543.3 million, up 9.8% and organically grew 9.4%.
Subscription Revenue Growth: Subscription revenue increased 17.6% and organically rose 17.3%.
SaaS Revenue Growth: SaaS revenues grew 20.3% to $166.6 million and grew organically 19.7% against a tough comparison with last year's third quarter.
Recurring Revenue Increase: Recurring revenues grew 12.1% and comprised 85% of our total revenues.
Operating Margin Improvement: Our non-GAAP operating margin in the third quarter was 25.4%, up 60 basis points from last year.
Negative
SaaS Transition Impact: The quarter was highlighted by strong top and bottom line performance, even as we saw a more pronounced shift towards SaaS and our new software contract mix, particularly in public safety, where expected on-premise licensed deals shifted to SaaS contracts in the quarter resulting in license revenues that were below plan.
Operating Margin Expansion: Our non-GAAP operating margin expanded to 25.4%, benefiting from our cloud efficiency initiatives and improved professional services margins and free cash flow reached a new quarterly high.
Convertible Debt and Cash Position: We ended the quarter with $600 million of convertible debt outstanding and cash and investments of approximately $548 million.
Merchant Fee Increase: We incurred merchant fees of approximately $42 million in Q3 compared to $36 million last year.
Cloud Optimization Benefits: We are beginning to see benefits from our cloud optimization efforts, driving efficiencies and scalability, while also making solid progress on version consolidation to further accelerate on-premise client migrations and enable clients to easily expand their mission-critical applications in the cloud.
TYL FAQs
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TYL Earning Call Sentiment
Tyler Technologies Inc (TYL) Q3 2024 Earnings Call Transcript
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TYL.N
0.13%Positive
The earnings call summary indicates strong financial performance with a 9.8% revenue growth and a significant increase in free cash flow. The company has optimistic guidance and a promising cloud transition strategy, despite some economic and competitive risks. The Q&A section didn't reveal any major concerns, with management expressing confidence in sales and competition. The positive guidance and record high free cash flow suggest a likely positive stock price movement, though the lack of specific guidance for 2025 and AI's limited impact are slight concerns. Overall, the sentiment is positive.
