Nov 1 (Reuters) - Tyler Technologies (TYL.N) missed Wall Street estimates for third-quarter revenue on Wednesday, as the IT service provider faces stiff competition from bigger firms in an uncertain economy.
Plano, Texas-based Tyler posted revenue of $494.7 million for the quarter ended Sept. 30, slightly below analysts' estimates of $495.9 million, according to LSEG data.
Tyler now expects annual revenue in the range of $1.942 billion to $1.962 billion, compared with prior estimates of between $1.940 billion and $1.965 billion.
The company raised its annual adjusted profit per share to a range of $7.66 to $7.80, from its prior estimate of between $7.60 and $7.75.
Third-quarter profit per share stood at $1.10, compared with $1.26 per share, a year earlier.
Persons:
Tyler, Jaspreet Singh, Shailesh
Organizations:
Tyler Technologies, Thomson Reuters, Oracle, Motorola Solutions, Gartner, Reuters, Thomson
Locations:
Plano , Texas, Bengaluru