Tyler Technologies said total revenues for Q1 2024 were $512.4 million, up 8.6% from Q1 2023. It said SaaS revenues rose 22.0% to $148.8 million.

1. 01

   Tyler Technologies said total revenues for Q1 2024 were $512.4 million, up 8.6% from Q1 2023. It said SaaS revenues rose 22.0% to $148.8 million.

2. 02

   The company said GAAP operating income for Q1 2024 was $67.0 million, up 48.9%. It said GAAP net income was $54.2 million, or $1.26 per diluted share, up 75.4%.

3. 03

   Tyler said cash flow from operations for Q1 2024 was $71.8 million, down 3.8%, and free cash flow was $57.2 million, down 10.1%. The comparison figures were $74.7 million and $63.6 million, respectively.

4. 04

   Tyler Technologies said it expects total revenues for 2024 to be in the range of $2.110 billion to $2.140 billion and free cash flow margin to be in the range of 17% to 19%. Its non-GAAP diluted earnings per share outlook is $9.10 to $9.30.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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