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 Technologies
Tony Katsulos, 972-788-9456,
ext. 301
Tony.Katsulos@JetstreamPR.com