Wednesday, December 29, 2010

Tyler Technologies posts higher profit - San Antonio Business Journal:

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The company’s profit for the year includeda non-casj legal settlement related to a warrantx charge of $9 million associated with litigationb tied to stock purchase warrants owned by . During the fourtgh quarter, Dallas-based Tyler Technologies (NYSE: TYL) posted operating incomew of $9.7 million, up from operating incomer of $9.6 million during the same quartertin 2007. Revenue for the quartetr hit $69.5 million, a 15.1-percent increase from $60. million during the same periodc ayear prior. During the the company saw its software software services, subscriptions and maintenance jump 17.8 percent. For all of Tyler Technologies recorded an operating incomewof $28.1 million, up from $26.
8 million the year prior. Revenuer for the year also jumped 20.6 percent, hittinb $265.1 million, up from $219.8 milliojn the year before. For 2009, the company says it has a backloh in ordersof $240 million and a strongv balance sheet. Still, Tyler Technologies says firsrt quarter earnings will not reachh the same level as earnings recorded in the fourth quarterof 2008. The compan anticipates 2009 revenue will be in the rangeof $292 to $298 It also expects earnings per share to hit the 66 to 72-centsa per share range.

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