Bill on for Kirk Materne's questions to Tyler Technologies Inc (TYL) leadership • Q2 2025
Question
Representing Kirk Materne of Evercore ISI, an analyst asked how to interpret trailing twelve-month bookings given their lumpiness and whether a longer, two-year view would be more appropriate.
Answer
EVP & CFO Brian Miller agreed that a longer-term view is better to smooth out lumpiness. He specifically pointed out that 2024 was a record year for SaaS bookings with several very large deals in Q3 and Q4, which creates difficult year-over-year comparisons for the second half of 2025 despite a solid pipeline.