Tyler Technologies, Inc. (TYL) CEO Lynn Moore on Q2 2022 Results - Earnings Call Transcript

Tyler Technologies, Inc. (NYSE:TYL) Q2 2022 Results Conference Call July 28, 2022 10:00 AM ET

Company Participants

Lynn Moore - President, CEO

Brian Miller - CFO

Conference Call Participants

Sami Badri - Credit Suisse

Matthew VanVliet - BTIG

Saket Kalia - Barclays

Michael Turrin - Wells Fargo Securities

Joshua Reilly - Needham

Kirk Materne - Evercore ISI

Charles Strauzer - CJS Securities

Rob Oliver - Baird

Alex Zukin - Wolfe Research

Terry Tillman - Truist Securities

Jonathan Ho - William Blair

Keith Housum - Northcoast Research

Clarke Jeffries - Piper Sandler

Operator

Hello, and welcome to today's Tyler Technologies Second 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 a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. And as a reminder, this conference is being recorded today, July 28, 2022.

I'd now like to turn the call over to Mr. Moore. Sir, please go ahead.

Lynn Moore

Thank you, Chris, 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. We're pleased with our second quarter results as the public sector market environment remains strong and RFP and demo activities continue to trend positively. We leveraged successful multi-suite wins and cross-selling efforts to deliver a solid quarter, and our strong competitive position, coupled with an active public sector market, drove a 21% increase in bookings.