Texas software firm Tyler Technologies finished 2019 with $1.1 billion in revenue, a 16 percent jump from the previous year. The company’s customers include schools, cities and counties, and the federal government.
(TNS) — There’s a new $1-billion-a-year company in Dallas-Fort Worth.
Plano software firm Tyler Technologies closed out 2019 with $1.086 billion in revenue, a 16% jump from the previous year. Its customers are schools, cities and counties, and the federal government.
Tyler’s ascent was the subject of a Dallas Morning News story last summer when it ranked 71st among Dallas-Fort Worth’s largest public companies. Its executives predicted then that the 5,500-employee company would break the $1 billion mark.
Founded in 1966, Tyler has grown quickly in recent years through acquisitions and new software development. It has posted 32 consecutive quarters of double-digit revenue growth.
Its full-year profit, however, dipped slightly last year to $146.5 million. It was $147.5 million in 2018.
Tyler expects to continue its growth this year. It’s projecting 2020 revenue of $1.2 billion.
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