NYSE$TYL
Tyler Technologies Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported a decrease in revenue but an increase in operating income and net income for Q2 2020.
Tyler Technologies reported a slight decrease in total revenues, but experienced significant growth in operating income, net income, and cash flows from operations. The company's recurring revenues remained strong, and despite challenges related to the COVID-19 pandemic, Tyler ended the quarter with a record backlog.
- Total revenues decreased by 1.5% year-over-year to $271.1 million.
- Operating income increased by 12.8% year-over-year to $41.3 million.
- Net income increased by 68.4% year-over-year to $53.9 million, or $1.30 per diluted share.
- Cash flows from operations increased by 62.5% year-over-year to $39.8 million.
Headline financials
Revenue & EPS history
Tyler · Revenue · Quarterly
$271M
Revenue by segment
Tyler · $266M total across 5 segments · Q2 2020
- Maintenance$117M—43.8%
- Subscriptions$85.6M—32.1%
- Professional services$43.7M—16.4%
- Software licenses and royalties$17M—6.4%
- Hardware and other$3.32M—1.2%
Forward guidance
Tyler Technologies provided guidance for the full year 2020, including GAAP and non-GAAP total revenues, diluted earnings per share, pre-tax non-cash share-based compensation expense, research and development expense, fully diluted shares, effective tax rates, and capital expenditures.
Tailwinds
- GAAP total revenues are expected to be in the range of $1.124 billion to $1.144 billion.
- Non-GAAP total revenues are expected to be in the range of $1.125 billion and $1.145 billion.
- GAAP diluted earnings per share are expected to be in the range of $4.71 to $4.91.
- Non-GAAP diluted earnings per share are expected to be in the range of $5.30 to $5.50.
- Research and development expense is expected to be in the range of $90 million to $92 million.
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 Q2 2020
+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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