Tyler Technologies said total revenues for Q2 2024 were $541.0 million, up 7.3% from a year earlier, and SaaS revenues grew 23.2% to $156.0 million. The company said SaaS arrangements accounted for about 97% of total new software contract value, up from about 82% a year earlier.

1. 01

   Tyler Technologies said total revenues for Q2 2024 were $541.0 million, up 7.3% from a year earlier, and SaaS revenues grew 23.2% to $156.0 million. The company said SaaS arrangements accounted for about 97% of total new software contract value, up from about 82% a year earlier.

2. 02

   The company said GAAP operating income for Q2 was $78.0 million, up 26.1%. It said GAAP net income was $67.7 million, or $1.57 per diluted share, up 37.9%. Non-GAAP net income was $103.9 million, or $2.40 per diluted share, up 20.9%.

3. 03

   Tyler Technologies said cash flow from operations for Q2 was $64.3 million, compared with negative $19.2 million a year earlier, and free cash flow was $48.6 million, compared with negative $33.2 million a year earlier. The company said cash tax payments in Q2 included about $29 million related to IRC Section 174 capitalization rules.

4. 04

   The company said it expects full-year 2024 total revenues of $2.120 billion to $2.150 billion, GAAP diluted earnings per share of $5.76 to $5.96, and non-GAAP diluted earnings per share of $9.25 to $9.45. It presented a free cash flow margin range of 18% to 20%.

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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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