NYSE$TYL
Tyler Technologies Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Tyler Technologies' first quarter results surpassed expectations, with total revenues reaching an all-time quarterly high, and subscription revenue growth leading the way.
Tyler Technologies reported strong first quarter results, exceeding expectations with a 6.6% increase in total revenues, driven by a 25.4% growth in subscription revenues. The company's non-GAAP gross and operating margins improved, and cash flows from operations and free cash flow showed robust growth. Tyler also completed the acquisition of NIC Inc. and expects the American Rescue Plan Act to positively impact government technology spending.
- Total revenues increased by 6.6% to $294.8 million, reaching a new quarterly high.
- Subscription revenues grew by 25.4%, driving overall revenue growth.
- Non-GAAP gross and operating margins improved by 210 and 270 basis points, respectively.
- Cash flows from operations and free cash flow grew by 26.4% and 33.9%, respectively.
Headline financials
Revenue & EPS history
Tyler · Revenue · Quarterly
$295M
Revenue by segment
Tyler · $288M total across 5 segments · Q1 2021
- Maintenance$119M+4.2%41.3%
- Subscriptions$102M+25.4%35.5%
- Professional services$47.6M—16.5%
- Software licenses and royalties$14.9M-20.3%5.2%
- Hardware and other$4.17M+9.2%1.4%
Forward guidance
Tyler Technologies remains on track to achieve or exceed the annual revenue and EPS guidance that was communicated in February for Tyler, excluding the impact of the NIC acquisition. The company expects to complete the fine-tuning of joint operating and financial plans for the remainder of the year and issue 2021 guidance for the combined company during the second quarter.
Tailwinds
- On track to achieve or exceed annual revenue guidance
- On track to achieve or exceed annual EPS guidance
- Completing fine-tuning of joint operating plans
- Completing fine-tuning of joint financial plans
- Issuing 2021 guidance for the combined company during the second quarter
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+1.4%
Avg return
Earnings day
+0.6%
Avg return
5 days after
-0.1%
Avg return
30 days after
63%
41 / 65 earnings
Positive
+13.1%
Q3 2010
Best reaction
-15.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | -7.9% | -12.3% | |
| Q4 2025 | -15.4% | -7.9% | +3.1% | |
| Q3 2025 | +0.0% | -1.7% | -1.8% | |
| Q1 2025 | -6.8% | -6.2% | -0.6% | |
| Q4 2024 | +6.0% | +4.9% | -7.7% | |
| Q3 2024 | +4.4% | +3.3% | +4.0% | |
| Q2 2024 | +7.2% | +9.6% | +8.6% | |
| Q1 2024 | +9.5% | +11.2% | +17.6% | |
| Q4 2023 | +2.2% | +2.1% | -3.6% | |
| Q3 2023 | +8.8% | +10.7% | +10.9% | |
| Q2 2023 | -6.1% | -2.8% | -7.2% | |
| Q1 2023 | +6.1% | +4.9% | +8.1% | |
| Q4 2022 | +4.0% | +5.3% | +0.1% | |
| Q3 2022 | -3.6% | -6.6% | -4.4% | |
| Q2 2022 | +11.0% | +11.8% | +5.4% | |
| Q1 2022 | +7.6% | +5.2% | -3.3% | |
| Q4 2021 | -10.2% | -13.8% | -8.6% | |
| Q3 2021 | +1.3% | +2.1% | -5.4% | |
| Q2 2021 | -0.3% | -0.2% | -3.4% | |
| Q1 2021 | -4.6% | -4.1% | -9.8% | |
| Q4 2020 | +10.1% | +12.2% | -2.7% | |
| Q3 2020 | +3.7% | +6.4% | +6.4% | |
| Q2 2020 | +0.8% | +4.8% | -2.8% | |
| Q1 2020 | +2.8% | +0.9% | +20.3% | |
| Q4 2019 | -0.3% | +0.9% | -14.4% | |
| Q3 2019 | +1.6% | +2.1% | +9.8% | |
| Q2 2019 | +5.8% | +3.4% | +10.0% | |
| Q1 2019 | -6.8% | -4.2% | -8.0% | |
| Q4 2018 | -3.3% | -4.8% | -7.8% | |
| Q3 2018 | -6.3% | -9.7% | -7.4% | |
| Q2 2018 | -2.9% | -5.6% | +1.6% | |
| Q1 2018 | -0.2% | +1.0% | +5.3% | |
| Q4 2017 | -2.8% | -0.9% | -0.1% | |
| Q3 2017 | +2.6% | -0.4% | -0.2% | |
| Q2 2017 | -6.1% | -5.1% | -5.9% | |
| Q1 2017 | +3.1% | +1.2% | +5.4% | |
| Q4 2016 | +9.2% | +5.9% | +5.7% | |
| Q3 2016 | -2.7% | -3.1% | -7.2% | |
| Q2 2016 | -0.5% | -1.8% | -0.6% | |
| Q1 2016 | +1.7% | — | — | |
| Q4 2015 | -12.4% | — | — | |
| Q3 2015 | +2.7% | — | — | |
| Q2 2015 | -2.8% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | +3.7% | — | — | |
| Q3 2014 | +11.2% | — | — | |
| Q2 2014 | +11.8% | — | — | |
| Q1 2014 | -3.6% | — | — | |
| Q4 2013 | -8.6% | — | — | |
| Q3 2013 | +8.7% | — | — | |
| Q2 2013 | +2.5% | — | — | |
| Q1 2013 | +6.0% | — | — | |
| Q4 2012 | +2.1% | — | — | |
| Q3 2012 | +11.4% | — | — | |
| Q2 2012 | -3.6% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2009 | +5.8% | — | — | |
| Q4 2011 | +5.8% | — | — | |
| Q3 2011 | +13.1% | — | — | |
| Q3 2010 | +13.1% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q1 2010 | -10.3% | — | — |
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