Tyler Technologies Q1 Profit Up - Quick Facts

(RTTNews) - Tyler Technologies, Inc. (TYL) Wednesday reported first-quarter profit of $11.9 million or $0.33 per share, up 40.0 percent from $8.5 million or $0.25 per share in the same period last year.

Adjusted earnings for the quarter were $15.4 million or $0.43 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 17.6 percent to $112.6 million from $95.8 million last year. Analysts expected revenues of $110.04 million.

Looking ahead to the fiscal 2014, the company has forecast earnings in the range of $1.83 to $1.90 per share, with adjusted earnings ranging between $1.39 and $1.46 per share.

Revenues are expected to be in the range of $470 million to $478 million. Analysts currently expect the company to report full-year earnings of $1.83 per share on revenues of $116.64 million.