PLANO, Texas (AP) — PLANO, Texas (AP) — Tyler Technologies Inc. (TYL) on Wednesday reported fourth-quarter earnings of $65.5 million.
On a per-share basis, the Plano, Texas-based company said it had profit of $1.50. Earnings, adjusted for stock option expense and amortization costs, were $2.64 per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.
The information management software provider posted revenue of $575.2 million in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $589.6 million.
For the year, the company reported profit of $315.6 million, or $7.20 per share. Revenue was reported as $2.33 billion.
Tyler Technologies expects full-year revenue in the range of $2.5 billion to $2.55 billion.
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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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