| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 512.4MM | +7% |
| Gross Profit | 223.7MM | +5% |
| Cost Of Revenue | 288.7MM | +8% |
| Operating Income | 67MM | +40% |
| Operating Expenses | 156.7MM | - |
| Net Income | 54.2MM | +39% |
| G&A | - | - |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Tyler Technologies' (TYL) first-quarter 2024 performance reflects robust year-over-year growth in subscription revenues.
Insightful Analysis of Tyler Technologies Inc's Financial Health and Market Position
Although the revenue and EPS for Tyler Technologies (TYL) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Robust SaaS Revenue Drives Performance Beyond Expectations
The increase in enterprises and government agencies digitizing their operations and moving data from on-premises to the cloud is helping IT-related service companies like Tyler. Tyler provides integrated information management solutions and services for the public sector and professional IT services to clients. The IT-solution provider's subscription revenue rose 11.7% to $313.2 million during the reported quarter from an year earlier.
PLANO, Texas, April 24, 2024--Tyler Technologies reports its first quarter 2024 financial results.
MSCI, Tyler Technologies, Guidewire Software and ePlus are part of the Zacks Industry Outlook article.
The Zacks Business-Software Services industry players like MSCI, TYL, GWRE and PLUS are poised to benefit from the robust demand trend for multi-cloud-enabled software solutions.
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Tyler Technologies' (TYL) Q1 performance is expected to benefit from the demand for cloud-based solutions as the public sector continues to transition from on-premise to cloud-based systems.