Tyler Technologies: Q4 Earnings Snapshot

PLANO, Texas (AP) — PLANO, Texas (AP) — Tyler Technologies Inc. (TYL) on Wednesday reported fourth-quarter net income of $31.1 million.

The Plano, Texas-based company said it had net income of 73 cents per share. Earnings, adjusted for one-time gains and costs, were $1.66 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The information management software provider posted revenue of $452.2 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $452.1 million.

For the year, the company reported profit of $164.2 million, or $3.87 per share. Revenue was reported as $1.85 billion.

Tyler Technologies expects full-year earnings in the range of $7.50 to $7.65 per share, with revenue in the range of $1.94 billion to $1.97 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TYL at https://www.zacks.com/ap/TYL

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