Tyler Technologies Q2 Profit Rises - Quick Facts

(RTTNews) - Tyler Technologies Inc. (TYL) reported that its second-quarter net income increased to $9.0 million, or $0.26 per share, compared to $7.1 million, or $0.22 per share, last year. Non-GAAP net income was $12.2 million, or $0.36 per share, compared to $9.5 million, or $0.29 per share, prior year.

On average, ten analysts polled by Thomson Reuters expected the company to report profit of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $103.1 million, up 12.8 percent from $91.4 million last year. Organic revenue growth was 9.5 percent and acquisitions accounted for 3.3 percent growth. Analysts expected revenue of $103.25 million for the quarter.

Tyler Technologies expects full year 2013: total revenues in the range of $411 million to $416 million; earnings per share to be approximately $1.08 to $1.14; and adjusted earnings per share to be approximately $1.44 to $1.50. Analysts expect the company to report full year 2013 profit per share of $1.48 on revenue of $413.59 million.