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Why Tyler Technologies Stock Got Thrashed on Thursday

TheMotleyFool

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Why Tyler Technologies Stock Got Thrashed on Thursday: https://g.foolcdn.com/editorial/images/881344/person-seated-at-a-desk-with-two-pc-monitors-holding-head-in-hands.jpg

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.

Image source: Getty Images.

Source Fool.com

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