Bill for Kirk Materne's questions to Tyler Technologies Inc (TYL) leadership • Q2 2025
Question
An analyst on behalf of Kirk Materne at Evercore ISI asked how investors should interpret trailing twelve-month bookings given their lumpiness, and if a two-year view would be more appropriate.
Answer
EVP & CFO Brian Miller agreed that a longer-term view is better for observing trends due to deal lumpiness. He specifically pointed out that the company faces difficult comparisons in the second half of the year because Q3 and Q4 of the prior year included several very large SaaS deals, making it a record period for SaaS bookings.