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Dec 31, 2024
Tyler Q4 2024 Earnings Report
Key Takeaways
Tyler Technologies reported strong Q4 2024 results with total revenue increasing 12.5% to $541.1 million, driven by 21.9% growth in subscription revenue. Non-GAAP net income rose 31.2% to $106.7 million, with free cash flow increasing by 60.7%.
Revenue by Segment
Forward Guidance
Tyler Technologies expects total revenue to range between $2.30 billion and $2.34 billion for FY 2025, with strong subscription growth and continued expansion in SaaS revenue.
Positive Outlook
- Subscription revenues expected to grow between 15% and 18%.
- SaaS revenues projected to increase between 21% and 24%.
- Non-GAAP EPS forecasted to be in the range of $10.90 to $11.15.
- Free cash flow margin anticipated between 24% and 26%.
- Continued strong demand from the public sector.
Challenges Ahead
- Maintenance revenues expected to decline between 4% and 6%.
- Professional services revenues forecasted to be flat or decline up to 3%.
- Software licenses and royalties projected to decline between 18% and 20%.
- Hardware and other revenues expected to drop between 18% and 20%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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