What does operating segments — maintenance revenue mean?

Recurring revenue from providing ongoing support and updates to existing software customers.

How do you interpret operating segments — maintenance revenue?

Consistent growth indicates high customer retention and a healthy installed base, while stagnation may suggest customer churn or a migration to newer cloud-based service models.

How does operating segments — maintenance revenue compare across companies?

Comparable to maintenance or support revenue reported by enterprise software firms with long-term service contracts.

Tyler Technologies TYL Operating Segments — Maintenance Revenue

Discontinued — last reported Q4 '17

Similar metrics at other companies

FICOOperating Segments — Transactional And Maintenance Revenue

$195.49M+17.3%

FISSoftware maintenance — Revenue

$279M+14.8%

RBRKMaintenance — Total Revenue

$1.51M-65.3%

FICOTransactional and Maintenance — Revenue

$288.08M+16.7%

SSNCMaintenance And Term Licenses — Revenue

$212.1M-0.5%

SSN

SSNTMaintenance revenue — Total revenue, net

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Other financials

Income statement

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Revenue$613.5M+8.6%

Gross profit$296.4M+11.0%

Operating income$99.8M+11.9%

Net income$81.2M+0.2%

EPS (diluted)$1.88+2.2%

Balance sheet

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Cash & equivalents$316.0M-55.2%

Total debt$48.0M-96.1%

Total equity$3.6B+1.3%

Total assets$4.8B-7.6%

Cash flow

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Operating cash flow$107.3M+91.0%

CapEx$3.2M+38.6%

Free cash flow$104.0M+93.3%

Valuation

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Market cap$11.47B-42.0%

Enterprise value$11.21B-44.3%

P/E36.3×-31.9×

P/S4.8×-4.2×

Profitability

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Gross margin46.8%+2.1pp

Operating margin15.5%+0.8pp

Net margin13.3%0.0pp

FCF margin28.9%+1.8pp

Returns & leverage

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Return on equity8.9%+0.1pp

Debt / equity0×-0.3×

Current ratio1×+0.1×

Where this comes from

Reported directly by Tyler Technologies in its filing.

Tagged under the XBRL concept us-gaap:MaintenanceRevenue.

The official record: Tyler Technologies’s 10-K, filed February 21, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — maintenance revenue mean?: Recurring revenue from providing ongoing support and updates to existing software customers.
How do you interpret operating segments — maintenance revenue?: Consistent growth indicates high customer retention and a healthy installed base, while stagnation may suggest customer churn or a migration to newer cloud-based service models.
How does operating segments — maintenance revenue compare across companies?: Comparable to maintenance or support revenue reported by enterprise software firms with long-term service contracts.