PLANO, Texas (AP) — PLANO, Texas (AP) — Tyler Technologies Inc. (TYL) on Wednesday reported first-quarter net income of $54.2 million.
On a per-share basis, the Plano, Texas-based company said it had profit of $1.26. Earnings, adjusted for one-time gains and costs, came to $2.20 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The information management software provider posted revenue of $512.4 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $507.8 million.