Tyler Technologies reports increased earnings for Q3 2009
Thu. October 29, 2009; Posted: 08:21 AM
Oct 29, 2009 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- Information management solutions and services provider Tyler
Technologies Inc (NYSE:TYL) on Wednesday reported net income for the
third quarter 2009 of USD7.5m or USD0.20 per diluted share, up from the
net income of USD6.4m or USD0.16 per diluted share last year.
Tyler's total revenues for the third quarter were a record USD74.3m, up
8.3% compared to USD68.6m in the same quarter of 2008.
The company's research and development expense doubled in comparison to
the third quarter of 2008.
Tyler's EBITDA for the third quarter was USD14.8m, while in the same
quarter last year it was USD15.2m.
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