Tyler Technologies (TYL) Revenue — Quarter Ended Mar 31, 2023
Tyler Technologies reported an increase in revenue for the quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The company's revenue performance reflects a positive sequential trend.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Tyler Technologies reported an increase in revenue for the quarter compared to both the immediately preceding quarter and the same quarter one year earlier. The company's revenue performance reflects a positive sequential trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$471.9M
Revenue reported for this quarter.
Quarter-over-quarter
+4.3%
Change from the immediately preceding quarter.
Year-over-year
+3.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $468.7M | +16.0% |
| Sep 30, 2022 | $473.2M | +2.9% |
| Dec 31, 2022 | $452.2M | +4.3% |
| Mar 31, 2023 | $471.9M | +3.5% |
Revenue performance
Revenue rose from the prior quarter, reversing a decline seen in the previous period. It also grew compared to the same quarter a year ago.
Quarterly comparison
The sequential increase followed a decrease in the preceding quarter, while the year-over-year gain continued the company's growth trajectory.
What to watch
The fluctuation in quarterly revenue levels may warrant attention to the sustainability of the growth trend.