WASHINGTON (dpa-AFX) - Tyler Technologies, Inc. (TYL) on Wednesday reported an increase in profit for the second quarter as revenues rose, driven by continued growth in software-as-a-service or SaaS offerings. The company also announced a new $1.5 billion share repurchase authorization and reaffirmed its full-year 2026 outlook.
Net income rose 10.5% to $93.5 million or $2.23 per share from $84.6 million or $1.93 per share. Adjusted net income increased to $129.0 million or $3.08 per share from $127.9 million or $2.91 per share.
Second-quarter revenue increased 8.2% to $645.1 million from $596.1 million a year earlier.
For full-year 2026, Tyler continues to expect revenue of $2.535 billion to $2.575 billion and adjusted earnings per share of $12.95 to $13.20.
The board approved a new $1.5 billion share repurchase program, replacing the previous authorization. As of July 29, approximately $1.745 billion remained available for repurchases.
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2026 AFX News
