Copyright Reuters
Tyler has been benefiting from a transition to a software subscription business model as it looks to aid its public sector customers in streamlining operations with the cloud. Sign up here. "Leading sales indicators remain steady, reflecting a healthy new business pipeline supported by a resilient budget environment and sustained demand for digital modernization," CEO Lynn Moore said in a statement. The company reported revenue of $595.9 million for the third quarter ended September 30, beating estimates of $594.4 million, according to data compiled by LSEG. It reported net income per share of $1.93 in the quarter, compared with a profit of $1.74 per share a year ago. Tyler raised the lower end of its annual forecast revenue to between $2.34 billion and $2.36 billion, compared with its prior projection of between $2.33 billion and $2.36 billion. Reporting by Zaheer Kachwala in Bengaluru and Juby Babu in Mexico City; Editing by Vijay Kishore
