Tyler Technologies, Inc. (TYL) Q4 2022 Earnings Call Transcript

Tyler Technologies, Inc. (NYSE:TYL) Q4 2022 Earnings Conference Call February 16, 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

Rob Oliver - Baird

Matt VanVliet - BTIG

Peter Heckmann - D.A. Davidson

Alex Zukin - Wolfe Research

Gabriella Borges - Goldman Sachs

Saket Kalia - Barclays

Jonathan Ho - William Blair

Terry Tillman - Truist Securities

Joshua Reilly - Needham

Keith Housum - Northcoast Research

Operator

Hello, and welcome to today’s Tyler Technologies Fourth Quarter 2022 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. As a reminder, this conference is being recorded today, February 16, 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, Emma, and welcome to our call. With me today is Lynn Moore, our President & 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 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 will facilitate understanding of our results and comparisons with peers in the software industry a reconciliation of GAAP to non-GAAP measures if provided in our earnings. We have also posted in our investor relations selection of our website under the financials tab with supplemental information provided on this call including information about quarterly bookings, backlog and recurring revenues. On the events and presentations tab we posted an earnings summary slide deck to supplement our prepared remarks. Please note that all growth comparisons we make on the call today will relate to the corresponding period of last year unless we specify otherwise. Lynn?