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.
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Tyler Technologies (NYSE: TYL) has launched the Citizen Connect platform for Clermont County, Ohio, enhancing property assessment processes. Utilizing the Socrata Connected Government Cloud, the county auditor can now analyze key performance indicators and data more efficiently compared to prior manual methods. The solution streamlines access to siloed appraisal data, improving transparency and communication with residents. Franklin Williams from Tyler emphasized the platform's role in empowering stakeholders by making data actionable.
Tyler Technologies (NYSE: TYL) will engage in two major investor conferences in December 2020. Brian Miller, the Executive Vice President and CFO, is set to participate in a fireside chat at the Wells Fargo Virtual TMT Summit on December 2, 2020, at 12:40 p.m. ET. Additionally, he will host one-on-one meetings throughout the day. Miller will also take part in a fireside chat at the UBS Global TMT Virtual Conference on December 9, 2020, at 12:05 p.m. ET, alongside further one-on-one meetings. Live webcasts of these discussions will be available at Tyler's investor relations website.
Tyler Technologies (NYSE: TYL) has received the AWS Healthcare Competency designation for its Entellitrak case management platform. This recognition highlights Tyler’s expertise in delivering solutions for healthcare providers and payers, ensuring secure management of clinical data. This achievement sets Tyler apart as an AWS Partner Network member proficient in healthcare solutions. CEO Lynn Moore emphasized the company’s commitment to aiding public sector clients in meeting their healthcare objectives through the flexible capabilities of their platform.
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Tyler Technologies (NYSE: TYL) announces the launch of New Jersey's COVID-19 Oversight website, leveraging its Socrata data platform. The site consolidates federal recovery funding information for transparency, tracking how the government allocates and spends COVID-19 recovery funds. It aims to ensure accountability, reduce fraud, and provide valuable resources to residents and businesses. Franklin Williams, president of Tyler's Data & Insights Division, emphasized the state's role in enhancing financial transparency. Tyler's Socrata has been operational since 2009, facilitating better data sharing across government systems.
Tyler Technologies (NYSE: TYL) has signed an agreement with Nevada's Department of Public Safety to implement Tyler Supervision™ for the Nevada Parole and Probation Department. This modern solution will replace the outdated Offender Information Tracking System (OTIS), enhancing efficiency and automation in case management. The new system will facilitate better communication, tracking, and management of parole and probation cases. Key benefits include voice biometric check-ins, streamlined payment tracking, and improved data security standards.
Tyler Technologies, Inc. (NYSE: TYL) has made its debut on the Albany Business Review's "Best Places to Work" list for 2020, being recognized among 48 firms from various sectors. This recognition is attributed to a comprehensive employee assessment managed by Quantum Workplace, where Tyler's nearly 150 Latham employees highlighted the firm’s strong company culture and dedication to public sector clients. The awards have been given for 17 years, and Tyler's inclusion emphasizes local pride and team contributions, marking a significant milestone for the company.
Tyler Technologies, Inc. (NYSE: TYL) recently launched Alaska's new open data portal, utilizing its Socrata platform. This portal aims to enhance public access to government data, consolidating various datasets, including federal loan information and drug utilization statistics. Alaska's Chief Data Officer emphasized the importance of protecting residents' privacy while making public data more accessible. Since 2009, Tyler's Socrata has facilitated data sharing among government entities, demonstrating the company's commitment to transparency and efficient public service delivery.
Tyler Technologies (NYSE: TYL) reported Q3 2020 revenues of $285.7 million, a 3.8% increase year-over-year, with organic growth at 3.3%. Non-GAAP revenues rose to $285.9 million, up 3.2%. Recurring revenues from subscriptions grew 12% to $207.3 million. Operating income increased 24% to $49.7 million. However, net income fell 2.7% to $39.3 million, or $0.94 per diluted share. The company revised its 2020 guidance upwards, expecting revenues between $1.117 and $1.129 billion, and EPS between $4.53 and $4.63, amid challenges from COVID-19 and an IT security incident that impacted revenue.