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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 541M | 6% |
Gross Profit | 238M | 6.3% |
Cost of Revenue | 420M | 5.6% |
Operating expense | 146M | 5.3% |
Net Income | 68M | 25% |
EBITDA | 115M | 7% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 4.82B | 4.6% |
Total Liabilities | 1.69B | 6.4% |
Total Equity | 3.13B | 3.6% |
Shares Outstanding | 48M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 64M | 10.5% |
Cash from investing | -13M | 0.7% |
Cash from financing | 11M | 129.6% |
EPS
Financial Highlights for Tyler Technologies in Q2 '24
Tyler Technologies reported a revenue of 541M, which is a 6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 238M, marking a 6.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 420M, a 5.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 146M, showing a 5.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 68M, showing a 25% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 115M, showing a 7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Tyler Technologies with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.