Tyler Technologies, Inc. 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.