Welcome to our dedicated page for Tyler Technologies news (Ticker: TYL), a resource for investors and traders seeking the latest updates and insights on Tyler Technologies stock.
Tyler Technologies, Inc. (NYSE: TYL) is an S&P 500 software company headquartered in Plano, Texas that focuses on integrated technology services for the public sector. This news page highlights announcements that show how Tyler’s solutions are adopted by government entities, schools, courts, and public safety agencies, as well as updates relevant to investors.
Readers can find coverage of client implementations, such as Midland County Central Dispatch Authority in Michigan deploying Tyler’s cloud-hosted Enterprise Computer Aided Dispatch (CAD) and Enterprise Mobile and Mobility solutions, or the city of Homestead, Florida launching the Enterprise Permitting & Licensing cloud platform and citywide payment processing through Tyler’s payments platform. News also includes agreements like Chesterfield County, Virginia selecting Tyler Payments and Payment Insights as its single payment processing solution across departments.
The feed features product and adoption milestones, including updates on the My Ride K-12 school transportation app and related offerings such as Tyler Drive and Arrival Board, as well as acquisitions that expand Tyler’s capabilities, such as Edulink in the K-12 market and CloudGavel in electronic warrants for courts and public safety.
Investors can follow financial communications such as quarterly results announcements, earnings conference call schedules, and participation in technology and growth conferences. Together, these articles provide a view into Tyler’s role in public sector technology, its client relationships, and its ongoing communication with the investment community. Bookmark this page to access the latest company-issued news and historical press releases related to TYL.
Tyler Technologies (NYSE: TYL) will attend five investor conferences in September 2021, hosting virtual sessions. Notable events include the Wolfe Research Conference on September 8, where Brian Miller will participate in a fireside chat, and the Deutsche Bank Technology Conference on September 10. All discussions, other than the Morningstar conference, will be live-streamed. Tyler Technologies provides software solutions for public sector entities, with over 27,000 installations across various regions.
Tyler Technologies (NYSE: TYL) has successfully completed the acquisition of VendEngine, a cloud-based software provider focused on financial technology within the corrections market. This strategic move aims to enhance technological innovation and expand offerings for incarcerated individuals and their families. The integration will leverage VendEngine’s existing services, which include free communication tools for inmates, to better serve local and state governments. VendEngine operates in over 230 counties across 32 states, enhancing Tyler's presence in the corrections sector.
Tyler Technologies (NYSE: TYL) announced a two-year contract extension with Idaho for digital government and payments services, building on a 22-year partnership. NIC, Tyler’s subsidiary, currently offers over 500 digital services to 371 government entities in Idaho, processing more than 8 million transactions. NIC has seen significant growth in online services, particularly through the DMV portal. Elizabeth Proudfit, president of NIC, emphasized the increasing demand for secure digital services and expressed gratitude for Idaho's continued trust in NIC.
Tyler Technologies (NYSE: TYL) secured a five-year agreement with the Administrative Office of the Illinois Courts (AOIC) to enhance the eFileIL electronic filing system. This contract, valued at approximately $63 million, expands services for remote access, benefiting both court users and legal professionals. Over 21 million filings have been processed since 2016, streamlining operations and reducing physical court visits. The agreement will also leverage Tyler's Socrata® data platform to provide improved data reporting and analysis, enhancing overall judicial efficiency.
Tyler Technologies (NYSE: TYL) announced that New Hanover County Schools is the first district in North Carolina to implement its Munis® ERP solution as part of the state's School Business System Modernization program. This designation confirms Tyler’s compliance with state standards as an approved vendor, supporting operational efficiency and transparency for the district's $10 billion education budget. The solution includes financial and HR workflows, data management, and disaster recovery features. To date, 28 school districts have partnered with Tyler on this initiative.
Tyler Technologies (NYSE: TYL) has launched its Modria® online dispute resolution solution in the Idaho Supreme Court, aiming to manage the anticipated surge in eviction cases following the federal eviction moratorium expiration on July 31. Modria will streamline communication, inform citizens about rent relief programs, and potentially prevent eviction judgments. This initiative prioritizes increasing access to justice and alleviating the court's workload in Ada County, with plans for future expansion across Idaho.
Tyler Technologies reported strong second quarter 2021 results, marking a 49.1% revenue increase to $404.1 million compared to Q2 2020. This growth was significantly influenced by the acquisition of NIC Inc. for $2.3 billion, which expanded its digital government solutions portfolio. Recurring revenues rose 57.7% to $319.2 million, constituting 79% of total revenue. However, net income declined 52.6% year-over-year to $25.5 million. The company's cash flows from operations were negative $20.3 million, attributed to acquisition-related costs. For 2021, Tyler expects GAAP revenues between $1.532 billion and $1.557 billion.
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Tyler Technologies (NYSE: TYL) is set to announce its second quarter 2021 results during a conference call on July 29, 2021. The call begins at 10:00 a.m. ET, featuring CEO H. Lynn Moore Jr. and CFO Brian K. Miller. A press release will precede this event on July 28, 2021. Participants can pre-register for the call via a provided link or dial-in directly. Tyler Technologies specializes in integrated software and technology services for government entities, boasting over 27,000 installations across 11,000 sites globally.