Tyler Technologies Exceeds Q4 Revenue Estimates, Driven by Cloud Adoption and Market Expansion
Tyler Technologies has surpassed analysts' fourth-quarter revenue expectations, fueled by robust demand for its IT services. The company's revenue growth is primarily attributed to the increasing shift from on-premise data systems to cloud-based solutions, as well as its expansion into new markets.
For the quarter ended December 31, Tyler Technologies reported revenue of $541.1 million, exceeding the average estimate of $540.5 million. This growth is driven by strong demand from the public sector, which continues to prioritize digital modernization initiatives. CEO Lynn Moore commented, "Public sector market conditions remain strong with robust demand supported by healthy budgets and a growing focus on digital modernization."
The company's subscription revenue grew by 21.9% year-over-year to $348.8 million in the fourth quarter. Tyler Technologies forecast its full-year adjusted profit per share to be between $10.90 and $11.15, while analysts had estimated $10.79. For full-year 2025, the company projects revenue in the range of $2.30 billion to $2.34 billion, slightly below analyst estimates of $2.36 billion.