Why Tyler Technologies Stock Got Thrashed on Thursday
Investors wanted more out of the software company's latest quarter than a slight bottom-line beat.
Overview
A decent-if-not-great earnings report pushed Tyler Technologies (NYSE: TYL) stock into the red on the second-to-last trading day of the week. The public sector-focused enterprise software company saw its share price sag by more than 3% on Thursday.
Tyler uploaded its second-quarter results just after market close on Wednesday. These showed that revenue for the specialty tech company grew by 8% year over year to $645 million. Of this, recurring revenue rose at a similar rate to just under $560 million.
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Originally published at www.fool.com.
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