Tyler Technologies lifts annual revenue outlook on strong public-sector demand

Tyler Technologies

29/04/2026 22:00

April 29 (Reuters) - Tyler Technologies TYL.N raised its annual revenue forecast on Wednesday, betting on strong demand from federal clients for its core software products and services.

Shares of the Plano, Texas-based company rose nearly 2% in extended trading.

Tyler has benefited from the ongoing digital transformation of the public sector as local, state and federal agencies move their operations to cloud-based platforms.

Investors have also been focused on the company's ability to drive organic growth and expand margins as it transitions more of its business to a software-as-a-service (SaaS) model.

SaaS revenue grew 23.5% in the first quarter as bookings growth accelerated. "The healthy public-sector demand environment was reflected in our strong bookings growth," CEO Lynn Moore said.

The company now expects annual revenue between $2.54 billion and $2.58 billion, up from its previous forecast of $2.50 billion to $2.55 billion.

It also expects adjusted profit per share between $12.50 and $12.75, up from its previous guidance of between $12.40 and $12.65.

The company provides integrated software and services for the public sector, enabling cities, schools and other government agencies to manage core functions like justice, public safety and finance.

Tyler reported an 8.6% rise in first-quarter revenue to $613.5 million, beating analysts' average estimate of $609.1 million.

Adjusted profit came in at $3.09 per share, compared with estimates of $3.00 apiece.

(Reporting by Anhata Rooprai in Bengaluru; Editing by Jonathan Ananda)

((Anhata.Rooprai@thomsonreuters.com))