Tyler Technologies Slips Though Q1 Beats Estimates

Tyler Technologies (TYL) fell 2% after the company said Q1 sales rose 10.7% to $221.2 million from the year-ago period and topped the CapIQ mean for $219.4 million.

Non-GAAP EPS rose 27.5% to $1.13 from last year and beat by a penny.

Net income per share rose 15.4% to $0.95, a dime above forecasts.

2018 sales are seen between $933 million to $949 million, above estimates for $924.5 million. Non-GAAP EPS are seen between $4.73 to $4.83, in line with the Street’s $4.78.

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