Tyler Technologies Reports Earnings for Second Quarter

Tyler Technologies, Inc. (NYSE: TYL) today reported the following financial results for the quarter ended June 30, 2010:

-- Total revenues were $72.6 million compared to $72.2 million in the same period last year. Software-related revenues (software licenses, subscriptions, software services, and maintenance) were $66.3 million versus $65.6 for the second quarter of 2009.

-- Operating income was $10.5 million compared with operating income of $11.4 million in the same quarter of 2009.

-- The effective income tax rate was 39.8 percent compared to 39.4 percent in the second quarter of 2009.

-- Net income was $6.2 million, or $0.17 per diluted share, compared to the prior year's second quarter of $6.9 million, or $0.19 per diluted share.