- After a quarter of negative growth, Tyler Technologies is now back on track with YoY revenue growth of 3.2% and 18% growth in subscription revenue.
- Management is guiding towards essentially zero revenue growth for the remainder of the year, citing a recent security incident and continued pandemic-related slowdown.
- The stock price appears to be quite frothy, certainly a lot more highly valued than its competitors and other companies operating in the government services sector.
- I am giving Tyler Technologies a neutral rating for the near term due to the high valuation and tempered growth expectations.
For further details see:
Tyler Technologies Has Turned The Corner On The Pandemic