Tyler Technologies Non-GAAP EPS of $1.88 beats by $0.06, revenue of $468.69M beats by $10.19M

Jul. 27, 2022 4:29 PM ETTyler Technologies, Inc. (TYL)ARRBy: Pranav Ghumatkar, SA News Editor
  • Tyler Technologies press release (NYSE:TYL): Q2 Non-GAAP EPS of $1.88 beats by $0.06.
  • Revenue of $468.69M (+15.6% Y/Y) beats by $10.19M.
  • Non-GAAP operating income was $110.6 million, up 3.0% from $107.4 million for the second quarter of 2021.
  • Adjusted EBITDA was $119.0 million, up 3.8% from $114.7 million for the second quarter of 2021.
  • Software subscription arrangements comprised approximately 74% of the total new software contract value for the second quarter, compared to approximately 65% for the second quarter of 2021.
  • Software subscription bookings for the second quarter added $27.6 million in annual recurring revenue.
  • Annualized non-GAAP recurring revenue (ARR) was $1.49 billion, up 16.3% from $1.28 billion for the second quarter of 2021.
  • Total backlog was $1.85 billion, up 13.9% from $1.63 billion at June 30, 2021.

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