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Sep 30, 2024
Tyler Q3 2024 Earnings Report
Reported strong Q3 2024 results, driven by SaaS and transaction revenue growth and expanded non-GAAP operating margin.
Key Takeaways
Tyler Technologies reported a strong third quarter with a 9.8% increase in total revenues to $543.3 million. SaaS and transaction revenues were key growth drivers. The company's non-GAAP operating margin expanded to 25.4%, and free cash flow reached a new quarterly high, up 55.5%.
Total revenues increased by 9.8% to $543.3 million.
SaaS revenues grew by 20.3% to $166.6 million.
Free cash flow increased by 55.5% to $252.9 million.
Non-GAAP operating margin expanded to 25.4%.
Tyler
Tyler
Tyler Revenue by Segment
Forward Guidance
Tyler Technologies provided full-year 2024 guidance, expecting total revenues to be in the range of $2.125 billion to $2.145 billion and GAAP diluted earnings per share to be in the range of $6.13 to $6.28.
Positive Outlook
- Total revenues are expected to be in the range of $2.125 billion to $2.145 billion.
- GAAP diluted earnings per share are expected to be in the range of $6.13 to $6.28.
- Non-GAAP diluted earnings per share are expected to be in the range of $9.47 to $9.62.
- Free cash flow margin is expected to be in the range of 21% to 23%.
- Research and development expense is expected to be in the range of $119 million to $122 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income