You might also like
Tyler Technologies, Inc. is a leading provider of integrated software and technology management solutions for the public sector, serving local, state, and federal government entities. The company offers a broad range of software solutions and services designed to support essential government functions, including public safety, justice, public health, taxation, budgeting, infrastructure, land use, utility and civic services, regulation, K-12 education, and social services . Tyler's business is organized into two main segments: Enterprise Software (ES) and Platform Technologies (PT) . The company generates revenue primarily from subscription-based services, including software as a service (SaaS) and transaction-based fees related to digital government services and online payment processing .
- Enterprise Software (ES) - Provides software systems for mission-critical "back-office" functions such as public administration, courts, public safety, education, and property recording solutions.
- Platform Technologies (PT) - Offers platform and transformative solutions, including digital solutions, payment processing, and streamlined data processing.
- The Total Contract Value (TCV) of cloud flips tripled to $36 million this quarter; do you expect this level of growth in cloud flips to be sustainable, and how does this align with your projections for cloud adoption through 2030?
- You've indicated that competition in the market remains neutral, but can you provide more detail on how competitors like ServiceNow and Workday are impacting your business in key sub-verticals such as ERP and public safety?
- With some clients still hesitant to migrate to the cloud due to control concerns and aging infrastructure, what specific strategies are you implementing to address these hesitations and accelerate cloud adoption among your existing on-premise client base?
- Given that version consolidation is crucial for your cloud efficiency and margin improvement goals, particularly in products like Public Safety where consolidation may be lagging, what challenges are you facing in this process, and how might they affect your timeline for achieving targeted gross margin improvements?
- As the impact of ARPA funds on your deals has been somewhat mixed, how are you assessing the potential risks associated with the eventual depletion of these funds, and what measures are you taking to sustain your growth in the absence of such government funding?
Competitors mentioned in the company's latest 10K filing.
- Oracle Corporation
- Infor
- SAP AG
- Workday, Inc.
- CentralSquare Technologies
- Thomson Reuters Corporation
- Motorola Solutions, Inc.
- Axon Enterprise, Inc.
- Constellation Software, Inc.