NYSE$TYL
Tyler Technologies Inc. · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Tyler Technologies' Q4 2019 earnings were released, showcasing strong organic revenue growth and a substantial increase in bookings.
Tyler Technologies reported a strong fourth quarter in 2019, with total revenues up 19.4% to $288.8 million and organic revenue growth of 10.6%. Bookings grew by 33.5%, and the company achieved significant milestones, including surpassing $1 billion in annual revenues and $300 million in adjusted EBITDA. Subscription revenues continued to drive growth, increasing by 34.3%.
- Total revenues increased by 19.4% to $288.8 million, with organic revenue growth at 10.6%.
- Operating income rose by 16.0% to $45.2 million.
- Net income increased by 48.3% to $46.8 million, or $1.15 per diluted share.
- Bookings grew by 33.5%, and subscription revenues increased by 34.3%.
Headline financials
Revenue & EPS history
Tyler · Revenue · Quarterly
$287M
Revenue by segment
Tyler · $283M total across 5 segments · Q4 2019
- Maintenance$114M—40.2%
- Subscriptions$80.3M—28.4%
- Professional services$52.2M—18.5%
- Software licenses and royalties$32.4M—11.4%
- Hardware and other$4.26M—1.5%
Forward guidance
Tyler Technologies provided guidance for the full year 2020, anticipating GAAP total revenues in the range of $1.204 billion to $1.224 billion and non-GAAP total revenues in the range of $1.205 billion to $1.225 billion. GAAP diluted earnings per share are expected to be in the range of $3.81 to $3.93, while non-GAAP diluted earnings per share are expected to be in the range of $5.60 to $5.72.
Tailwinds
- GAAP total revenues are expected to be in the range of $1.204 billion to $1.224 billion.
- Non-GAAP total revenues are expected to be in the range of $1.205 billion to $1.225 billion.
- GAAP diluted earnings per share are expected to be in the range of $3.81 to $3.93.
- Non-GAAP diluted earnings per share are expected to be in the range of $5.60 to $5.72.
- The non-GAAP annual effective tax rate is expected to be 24%.
Headwinds
- GAAP diluted earnings per share may vary significantly due to the impact of stock incentive awards.
- Approximately 55% to 60% of non-GAAP diluted earnings per share is expected to be generated in the second half of the year.
- Pretax non-cash, share-based compensation expense is expected to be approximately $77 million.
- Research and development expense is expected to be in the range of $92 million to $94 million.
- Capital expenditures are expected to be in the range of $36 million to $38 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 Q4 2019
+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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