Tyler Technologies, Inc. (TYL) Q1 2023 Earnings Call Transcript

Tyler Technologies, Inc. (NYSE:TYL) Q1 2023 Earnings Conference Call April 26, 2023 10:00 AM ET

Company Participants

Hala Elsherbini - Senior Director of IR

Lynn Moore - President & CEO

Brian Miller - CFO

Conference Call Participants

Sami Badri - Credit Suisse

Kirk Materne - Evercore ISI

Matthew VanVliet - BTIG

Joshua Reilly - Needham & Company

Terry Tillman - Truist Securities

Saket Kalia - Barclays

Pete Heckmann - D.A. Davidson

Charles Strauzer - CJS Securities, Inc.

Michael Turrin - Wells Fargo Securities

Jonathan Ho - William Blair

Rob Oliver - Baird

Gabriela Borges - Goldman Sachs

Keith Housum - Northcoast Research

Clarke Jeffries - Piper Sandler

Joe Goodwin - JMP

Operator

Hello, and welcome to today’s Tyler Technologies First Quarter 2023 Conference Call. Your host for today’s call is Lynn Moore, President and CEO of Tyler Technologies. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. [Operator Instructions]. And as a reminder, this conference is being recorded today, April 27, 2023.

I would like to turn the call over to Hala Elsherbini, Tyler Senior Director of Investor Relations. Please go ahead.

Hala Elsherbini

Thank you, Davin, and welcome to our call. With me today is Lynn Moore, our President and Chief Executive Officer and Brian Miller, our Chief Financial Officer.

After I give the Safe Harbor statement. Lynn will have some initial comments on our quarter, and then Brian will review the details of our results and provide our annual guidance. Lynn will end with some additional comments, and then we’ll take your questions.

During this conference call, the management may make statements that provide information other than historical information and may include projections concerning the company’s future prospects, revenues, expenses, and profits.

Such statements are considered forward-looking statements under the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995 and are subject to certain risks and uncertainties, which could cause actual results to differ materially from these projections. We would refer you to our Form 10-K and other SEC filings for more information on those risks.

Also, in our earnings release, we have included non-GAAP measures that we believe facilitate understanding of our results and comparisons with peers in the software industry. A reconciliation of GAAP to non-GAAP measures is provided in our earnings release. We have also posted on the Investor Relations section of our website under the Financials tab schedules with supplemental information, including information about quarterly bookings, backlog and recurring revenues.