Tyler Technologies (TYL) Tops Q4 EPS by 3c, provides guidance

Tyler Technologies (NYSE: TYL) reported Q4 EPS of $1.89, $0.03 better than the analyst estimate of $1.86. Revenue for the quarter came in at $480.94 million versus the consensus estimate of $484.9 million.

GUIDANCE:

Tyler Technologies sees FY2024 EPS of $8.90-$9.10, versus the consensus of $8.78. Tyler Technologies sees FY2024 revenue of $2.095-2.135 billion, versus the consensus of $2.128 billion.

GAAP diluted earnings per share are expected to be in the range of $5.17 to $5.37.
Free cash flow margin is expected to be in the range of 17% to 19%.
Research and development expense is expected to be in the range of $125 million to $130 million.
Capital expenditures are expected to be in the range of $46 million to $48 million, including approximately $27 million of software development costs

For earnings history and earnings-related data on Tyler Technologies (TYL) click here.

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