PLANO, Texas (AP) _ Tyler Technologies Inc. (TYL) on Wednesday reported fourth-quarter net income of $54.8 million.
The Plano, Texas-based company said it had net income of $1.29 per share. Earnings, adjusted for one-time gains and costs, were $1.75 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The information management software provider posted revenue of $433.5 million in the period. Its adjusted revenue was $434.2 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $432.2 million.
For the year, the company reported profit of $161.5 million, or $3.82 per share. Revenue was reported as $1.59 billion.
Tyler Technologies expects full-year earnings in the range of $7.41 to $7.58 per share, with revenue in the range of $1.83 billion to $1.87 billion.
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