PLANO, Texas--(BUSINESS WIRE)--
Tyler Technologies, Inc. (NYSE: TYL) was recently named to Fortune’s 100 Fastest-Growing Companies list for 2017. For the second year in a row, Tyler was recognized among other publicly traded companies that were top performers in revenue growth, profit increase, and total stock returns over the last three years.
“We are thrilled to once again be recognized by Fortune on its 100 Fastest-Growing Companies list, especially considering that we are in the minority for companies returning to the list for a second consecutive year,” said John S. Marr Jr., chief executive officer of Tyler Technologies. “Tyler remains a dependable company that is able to consistently grow year over year while providing the best-in-class software and services to our more than 15,000 public sector clients.”
Companies are ranked by the individual components used to determine the overall placement on the list, including average annual revenue growth over three years, average increase in earnings per share over that period, and three-year total stock return. The overall rank is determined by the sum of the three individual criteria. This year’s list included 35 financial companies, 27 technology companies, 15 health care companies, 13 industrials, three business services, and seven other types of companies.
Tyler Technologies experienced a 28 percent increase in total GAAP revenues between 2015 and 2016, as well as a 30 percent increase in recurring GAAP revenues for the same period. The impressive financials helped the company earn the No. 82 rank on the list of 100 companies.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector - cities, counties, schools and other government entities - to become more efficient, more accessible and more responsive to the needs of their constituents. Tyler’s client base includes more than 15,000 local government offices in all 50 states, Canada, the Caribbean, the United Kingdom and other international locations. In 2017, Forbes ranked Tyler on its “Most Innovative Growth Companies” list, and it has also named Tyler one of “America’s Best Small Companies” eight times. The company has been included six times on the Barron’s 400 Index, a measure of the most promising companies in America. More information about Tyler Technologies, headquartered in Plano, Texas, can be found at www.tylertech.com.
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