Tyler shares rose 3.6% after earnings. The company reported 11% recurring revenue growth, 21.2% SaaS growth and 150 basis points of operating-margin expansion, alongside 14% growth in SaaS bookings.
- Free cash flow reached a quarterly record of $277 million.
- Management said public-sector demand and budgets remain supportive, with total SaaS bookings up 14%.
- Cloud Living rollouts remain on track for early 2027; management expects migrations to accelerate beginning in 2027.
- Tyler reported approximately 300 deals containing AI across its portfolio.
- Year to date, the company repurchased approximately 8.5% of shares outstanding, with almost $1.4 billion remaining in its authorization.
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