Tyler Technologies Named to Fortune’s 100 Fastest-Growing Companies List for 2016
October 11 2016 - 8:17AM
Business Wire
Tyler Technologies, Inc. (NYSE:TYL) was recently named to
Fortune’s 100 Fastest-Growing Companies list for 2016. Marking its
first appearance in the ranking, Tyler was named among other
publicly traded companies that were top performers in revenue
growth, profit increase, and total stock returns over the last
three years.
“It’s gratifying to be recognized by Fortune as one of the
nation’s fastest-growing companies and to join so many other
innovative companies that span several industries,” said John S.
Marr Jr., president and chief executive officer of Tyler
Technologies. “This recognition emphasizes Tyler’s consistently
strong growth, which is a direct result of our commitment to
supporting our more than 14,000 clients and the development of
best-in-class software and services to serve the needs of the
public sector.”
Among the qualifications for the list are requirements for a
company to have a minimum market capitalization of $250 million and
a stock price of at least $5 on June 30, 2016; and have been
trading continuously since June 30, 2013. Additionally, companies
need to have reported revenue and earnings-per-share growth of at
least 15 percent annually in each of the prior three years.
If criteria are met, a ranking system is used to determine
overall company placement on the list, which considers average
annual revenue growth over three years, average increase in
earnings per share over that period, and a three-year total stock
return.
Tyler Technologies experienced a 20 percent increase in revenue
in 2015 and generated a three-year annualized total return rate of
34 percent, which helped the company earn the No. 75 rank on the
list of 100 companies. Financial, industrial, technology, health
care, business services, and retail companies were included on this
year’s list.
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 14,000 local government offices in all 50 states, Canada, the
Caribbean, the United Kingdom and other international locations. In
2016, Forbes ranked Tyler on their “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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Jetstream PR for Tyler TechnologiesTony Katsulos, 972-788-9456,
ext. 301Tony.Katsulos@JetstreamPR.com
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