Tyler Technologies Q3 Profit Slightly Rises - Quick Facts

(RTTNews) - Tyler Technologies Inc. (TYL) reported third-quarter net income of $11.0 million, or $0.32 per share, compared to $10.8 million, or $0.33 per share, last year. Adjusted net income for the quarter was $14.7 million, or $0.42 per share.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $107.0 million, up 14.0 percent from $93.8 million last year. Organic revenue growth was 11.5 percent and acquisitions accounted for 2.5 percent growth. Analysts expected revenue of $105.59 million for the quarter.

Tyler Technologies expects full year 2013 total revenues to be in the range of $412 million to $416 million. Tyler expects 2013 earnings per share to be approximately $1.10 to $1.15, and non-GAAP earnings per share to be approximately $1.49 to $1.54. Analysts expect the company to report full year 2013 profit per share of $1.48 on revenue of $413.00 million.