Tyler Technologies (TYL) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was driven by higher subscription and service revenues.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was driven by higher subscription and service revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$504.3M
Revenue reported for this quarter.
Quarter-over-quarter
+6.9%
Change from the immediately preceding quarter.
Year-over-year
+7.6%
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 |
|---|---|---|
| Sep 30, 2022 | $473.2M | +2.9% |
| Dec 31, 2022 | $452.2M | +4.3% |
| Mar 31, 2023 | $471.9M | +3.5% |
| Jun 30, 2023 | $504.3M | +7.6% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter. Compared to the same quarter one year earlier, revenue also showed an increase.
Quarterly comparison
Sequentially, revenue improved from the prior quarter. On a year-over-year basis, revenue was up from the same period last year.
What to watch
Monitor the sustainability of subscription and service revenue growth in upcoming quarters.