Tyler Technologies has exceeded earnings expectations for the first quarter of 2022 with a non-GAAP EPS of $1.90, marking a 32.9% increase from last year's $1.43. The company achieved revenues of $456.11 million, up sharply from $294.8 million a year ago, and surpassed revenue estimates for the fourth straight quarter. Following this strong performance, Tyler raised its earnings guidance for the year and saw its shares rise by 3.4% in after-hours trading.
“Tyler Technologies · came out with quarterly earnings · $1.90 per share · beating the Zacks Consensus Estimate of $1.77 per share”
“Tyler Technologies · compares to earnings · $1.43 per share · a year ago”
“Tyler Technologies · represents an earnings surprise · 7.34%”
“Tyler Technologies · has surpassed consensus EPS estimates · four times · over the last four quarters”
“Tyler Technologies · posted revenues · $456.11 million · for the quarter ended March 2022”
“Tyler Technologies · surpassed the Zacks Consensus Estimate · 4.78%”
“Tyler Technologies · compares to year-ago revenues · $294.8 million”
“Tyler Technologies · has topped consensus revenue estimates · four times · over the last four quarters”
“Tyler Technologies · currently has a Zacks Rank · #3 (Hold)”
“Tyler Technologies’ TYL shares · rallied · 3.4% · Wednesday’s extended trading session”
“Tyler’s first-quarter non-GAAP earnings · surpassed · Zacks Consensus Estimate · $1.90 per share”
“Tyler’s first-quarter non-GAAP earnings · improved by · 32.9% · from $1.43 per share in the year-ago quarter”