brian.miller@tylertech.com. "We are pleased with our third quarter results, particularly in light of the continuing impact of the COVID-19 pandemic, as we achieved double-digit growth in operating income and record highs for free cash flow and adjusted EBITDA," said Lynn Moore, Tyler's president and chief executive officer. As of June 30, 2020, Tyler Technologies is providing the following guidance for the full year 2020: GAAP total revenues are expected to be in the range of $1.124 billion to $1.144 billion. Non-GAAP financial measures discussed above exclude write-downs of acquisition-related deferred revenue and acquired subleases, share-based compensation expense, employer portion of payroll taxes on employee stock transactions, expenses associated with amortization of intangibles arising from business combinations, acquisition-related expenses, and incremental costs associated with COVID-19. We partner with our clients to make sure they get the most out of their software. We finished the quarter with a new record high backlog of $1.55 billion," added Moore. Operating income was $49.7 million, up 24.0% from $40.1 million for the third quarter of 2019. Pre-tax non-cash, share-based compensation expense is expected to be approximately $77 million. You’ll save time, increase efficiency, and provide the unparalleled level of customer service your constituents expect and deserve. Get the latest Tyler Technologies earnings report, revenues as well as upcoming TYL earnings dates, historical financial reports, news, analysis & more. The company’s customers include … Tyler Technologies (NYSE:TYL): Q3 Non-GAAP EPS of $1.50 beats by $0.17; GAAP EPS of $0.94 misses by $0.12.Revenue of $285.7M (+3.7% Y/Y) beats by $1.7M.FY Guidance: GAAP total revenues … Non-GAAP total revenues are expected to be in the range of $1.118 billion to $1.130 billion. This rate is based on Tyler's estimated annual GAAP income tax rate forecast, adjusted to account for items excluded from GAAP income in calculating Tyler's non-GAAP income, as well as significant non-recurring tax adjustments. The live webcast and archived replay can also be accessed at https://tylertech.irpass.com/Presentations. Over the last four quarters, Tyler Technologies's revenue has grown by 1983.8%. Non-GAAP net income was $62.4 million, or $1.50 per diluted share, up 14.8% compared to $54.3 million, or $1.35 per diluted share, for the third quarter of 2019. Find the latest information about our company – specially curated for members of the media and investors. A replay will be available two hours after completion of the call through November 12, 2020. Non-GAAP organic revenue growth was 2.7%. Tyler Technologies annual revenue for 2019 was $1.086B, a 16.16% increase from 2018. Operating income grew double-digits; cash from operations reached record quarterly high. Tyler Technologies Inc. Our regulatory solutions help government agencies and departments of any size simplify every aspect of regulatory compliance — from workflow and process to licensing and enforcement — with software to handle the unique needs of your organization. Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Changes in operating assets and liabilities, exclusive of effects of acquired companies, Net cash provided by operating activities, Purchase of marketable security investments, Proceeds from marketable security investments, Proceeds from the sale of investment of preferred shares, Cost of acquisitions, net of cash acquired, Decrease in net borrowings on revolving line of credit, Contributions from employee stock purchase plan, Net cash provided by financing activities, Net increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, View source version on businesswire.com: https://www.businesswire.com/news/home/20201104005654/en/, Brian K. Miller Maintaining compliance with industry and regulatory standards is part of our commitment to providing online security to our clients. Non-GAAP total revenues were $285.9 million, up 3.2% from $277.2 Due to differences in tax treatment of items excluded from non-GAAP earnings, as well as the methodology applied to Tyler's estimated annual tax rate as described above, the estimated tax rate on non-GAAP income may differ from the GAAP tax rate and from Tyler's actual tax liabilities. This browser is no longer supported at MarketWatch. "We continued to experience significant savings in operating expenses in the third quarter, in part driven by the successful deployment of more efficient service delivery and operating models. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. GAAP diluted earnings per share are expected to be in the range of $4.53 to $4.63 and may vary significantly due to the impact of stock incentive awards on the GAAP effective tax rate. After a quarter of negative growth, Tyler Technologies is now back on track with YoY revenue growth of 3.2% and 18% growth in subscription revenue. Our civic services solutions are designed for your public sector agency and the citizens you serve like community development, permitting, enforcement, inspections, business licensing, compliance, maintenance and work orders, 311 requests, utility billing, and parks and recreation management. Tyler has more than 26,000 successful installations across more than 10,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. ... Total Enterprise Value to Total Revenue (ttm) Have Watchlists? We provide solutions to manage all aspects of the property tax life cycle. Registered participants will receive an email with a calendar reminder and a dial-in number and PIN that will allow them to listen to the call live. The company is offering participants the opportunity to register in advance for the conference through the following link: http://dpregister.com/sreg/10147974/d912e3b1c6. Executive Vice President & CFO Adjusted EBITDA was $88.9 million, up 15.4% compared to $77.1 million for the third quarter of 2019. We believe there is a reasonable basis for our forward-looking statements, but they are inherently subject to risks and uncertainties and actual results could differ materially from the expectations and beliefs reflected in the forward-looking statements. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. Instant access to the tools you need to tackle your most complex recording challenges in a single, secure, and unified system. Tyler Technologies annual revenue increased from $935.3 million in 2018 to $1.1 billion in 2019, a (16.2%) increase. The non-GAAP tax rate used in future periods will be reviewed periodically to determine whether it remains appropriate in consideration of factors including Tyler's periodic effective tax rate calculated in accordance with GAAP, changes resulting from tax legislation, changes in the geographic mix of revenues and expenses, and other factors deemed significant. See the Tyler difference. Fully diluted shares for the year are expected to be in the range of 41.5 million to 42.0 million shares. As a result, our operating margins expanded significantly, with our non-GAAP operating margin up 300 basis points to 28.6%, and our adjusted EBITDA rose to a new quarterly high. In 1968, the company acquired Tyler Pipe, a manufacturer of iron pipes, which eventually became the company's main source of annual revenue. Our balance sheet is stronger than ever, and we ended the quarter with $650 million in cash and investments and no outstanding debt. View Tyler Technologies (www.tylertech.com) location in Texas, United States , revenue, industry and description. Our disability and benefits solutions help programs and agencies quickly get benefits into the hands of those who need it most, all while lowering cost and streamlining the process. Reuse your data and allow employees to transform data into insights on financial, operational, and strategic outcomes. Tyler pioneered computer-assisted mass appraisal (CAMA), and developed integrated software solutions for tax billing and collections, CAMA, and assessment administration functionality. Cash flows from operations and free cash flow also reached record levels, growing 30.5% and 34.8%, respectively. View Tyler Rauch’s profile on LinkedIn, the world's largest professional community. Connecting data, processes, and people make communities safer, smarter, and more responsive to the needs of residents. 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