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PLANO, Texas (AP) — PLANO, Texas (AP) — Tyler Technologies Inc. (TYL) on Wednesday reported fourth-quarter net income of $65.2 million.
On a per-share basis, the Plano, Texas-based company said it had net income of $1.49. Earnings, adjusted for one-time gains and costs, came to $2.43 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share.
The information management software provider posted revenue of $541.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $539.7 million.
For the year, the company reported profit of $263 million, or $6.05 per share. Revenue was reported as $2.14 billion.
Tyler Technologies expects full-year earnings in the range of $10.90 to $11.15 per share, with revenue in the range of $2.3 billion to $2.34 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TYL at https://www.zacks.com/ap/TYL