Tyler Technologies, Inc. (NYSE:TYL) Q1 2024 Earnings Call Transcript

Brian Miller: And just generally, the revenue outperformance in Q1, obviously, it was not sort of pull forward or timing of things that we might have seen in the later quarter especially around the transaction-based revenue, truly was additive to what we expected for the rest of the year. And so that drove us raising the outlook for the full year.

Alex Zukin: And I usually never ask this follow-up question, particularly because we love margins, and we love efficiency. But I guess, given this, call it, once in a decade incrementally higher level of confidence and conviction this early in a year. Is there a world where you do maybe push the throttle a little bit more on investments, both organic and/or inorganic as it does seem like the market seems to be coming to you at a faster pace?

Lynn Moore: It’s a good question, Alex. I think we – I mean I don’t know that we’ll deviate from our historical practice of just taking a disciplined approach. We’ve got plans in place as it relates to margin and investment I like our balance right now, I like our capital allocation where we sit right now. So, I don’t think you’re going to hear us say this isn’t 2017, 2018, where we’re going to say, hi, this is now the time for elevated investment. We’ve got plenty of investments going on. And like I said, a lot of initiatives and both around revenue growth and margin expansion. So I don’t think you’ll hear that out of us over the next several quarters.

Alex Zukin: Excellent. Thank you guys. Great quarter.

Lynn Moore: Thanks Alex.

Operator: This does conclude our question-and-answer session. I will now turn the call back over to Lynn Moore for closing remarks.

Lynn Moore: Thanks Krista and thanks everybody for joining us today. If you have any further questions, please feel free to contact Brian Miller or myself. Thanks again, and have a great day.

Operator: This concludes today’s conference call. Thank you for your participation and you may now disconnect.