Tyler Technologies, Inc. (TYL) Q3 2022 Earnings Call Transcript

Tyler Technologies, Inc. (NYSE:TYL) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET

Company Participants

Lynn Moore - President & Chief Executive Officer

Brian Miller - Chief Financial Officer

Conference Call Participants

Sami Badri - Credit Suisse

Pete Heckmann - D.A. Davidson

Kirk Materne - Evercore ISI

Michael Turrin - Wells Fargo Securities

Matt VanVliet - BTIG

Joshua Reilly - Needham

Alex Zukin - Wolfe Research

Charles Strauzer - CJS Securities

Saket Kalia - Barclays

Terry Tillman - Truist Securities

Keith Housum - Northcoast Research

Joe Goodwin - JMP Securities

Operator

Hello, and welcome to today's Tyler Technologies Third 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. And as a reminder, this is conference is being recorded today, October 27th, 2022.

I would like to turn the call over to Mr. Moore. Please go ahead.

Lynn Moore

Thank you, Cheryl, and welcome to our call. With me today is Brian Miller, our Chief Financial Officer.

First, I’d like for Brian to give the Safe Harbor statement. Next, I’ll have some comments on our quarter, and then Brian will review the details of our results. I’ll end with some additional comments, and then we’ll take questions. Brian?

Brian Miller

Thanks Lynn. During the course of this conference call, 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.

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?

Lynn Moore

Thanks Brian. Our third quarter results were highlighted by strong execution that drove solid organic revenue growth and higher earnings while also advancing our cloud-first strategy. Total revenues grew approximately 3% with organic growth, excluding COVID-related revenues of approximately 9%.