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Shares of Tyler Technologies slid after reporting weak Q1 earnings, which to me is the beginning of a deeper slide. Tyler Technologies' bookings momentum and revenue trends are decelerating, with Q1 showcasing a drying up of new software deals and ARR. Government efficiency measures are reducing demand for new software like Tyler's, impacting its growth prospects and bookings.
Tyler Technologies Inc (NYSE:TYL ) Q1 2025 Results Conference Call April 24, 2025 10:00 AM ET Company Participants Hala Elsherbini - Senior Director of IR Lynn Moore - CEO, President & Director Brian Miller - EVP & CFO Conference Call Participants Kirk Materne - Evercore Ken Wong - Oppenheimer Terry Tillman - Truist Securities Michael Turrin - Wells Fargo Securities Alexei Gogolev - JPMorgan Joshua Reilly - Needham Saket Kalia - Barclays Charles Strauzer - CJS Securities Rob Oliver - Baird Jonathan Ho - William Blair Gabriela Borges - Goldman Sachs Alex Zukin - Wolfe Research Keith Housum - Northcoast Research Operator Hello, and welcome to today's Tyler Technologies First Quarter 2025 Conference Call. Your host for today's call is Lynn Moore, President and CEO of Tyler Technologies.
TYL's Q1 results reflect the benefits of a rise in subscription revenues, primarily driven by new software contracts.
While the top- and bottom-line numbers for Tyler Technologies (TYL) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tyler Technologies (TYL) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.20 per share a year ago.
Tyler Technologies raised its annual forecast and beat Wall Street expectations for first-quarter revenue on Wednesday, driven by strong demand for its IT services.
PLANO, Texas--(BUSINESS WIRE)---- $TYL #TylerTech--Tyler Technologies reports its first quarter 2025 results.
Evaluate the expected performance of Tyler Technologies (TYL) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
TYL's Q1 results are likely to reflect benefits from robust demand for SaaS solutions as the public sector shifts from on-premise to cloud-based systems.
PLANO, Texas--(BUSINESS WIRE)---- $TYL #TylerTech--Tyler published its 2024 corporate responsibility report, including corporate governance achievements, team member initiatives, & company impact.