Tyler Technologies Sees FY24 Revenue $2.12-$2.15B Vs $2.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Tyler Technologies has provided its financial guidance for FY24, expecting revenues between $2.12 billion and $2.15 billion, slightly below the $2.13 billion estimate. GAAP EPS is projected to be between $5.76 and $5.96, while non-GAAP EPS is expected to range from $9.25 to $9.45. The company also anticipates a free cash flow margin of 18% to 20%, R&D expenses of $122 million to $125 million, and capital expenditures of $50 million to $52 million.
July 24, 2024 | 8:28 pm
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Tyler Technologies' FY24 revenue guidance of $2.12-$2.15 billion is slightly below the $2.13 billion estimate, which may cause a minor negative reaction in the stock price. However, strong non-GAAP EPS guidance and healthy free cash flow margin could mitigate the impact.
The revenue guidance being slightly below estimates might cause a minor negative reaction in the stock price. However, the strong non-GAAP EPS guidance and healthy free cash flow margin could balance the impact, leading to a neutral short-term effect.
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IMPORTANCE 80
RELEVANCE 100