NYSE:TYLSoftware
Tyler Technologies (TYL) Stock Pullback Misses Fast Growing SaaS Momentum
Tyler Technologies just delivered a quarter that appears stronger than the stock price suggests. The shares fell about 3% to US$323.31 after the Q2 release, even as software as a service revenue grew 21.7% year over year and total revenue reached US$645.1m. The story the market is trading on today is short term emotion, while the story in the numbers is the impact of recurring SaaS growth beginning to scale through the model.
Is Tyler Technologies actually on sale at US$323, or is the...