Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Tyler Technologies reported a first quarter 2026 that demonstrated growth in key financial metrics, highlighting trends in recurring revenue, free cash flow, and strategic positioning that provide insight into the company’s operational dynamics and market opportunities.</li><li>Total and recurring revenues each achieved record levels in the quarter, supported by strong public sector demand and a growing pipeline across cloud offerings, AI-integrated applications, and transactional solutions.</li><li>Free cash flow more than doubled compared to the prior year’s first quarter, largely driven by working capital improvements, including strong accounts receivable collections, along with operating margin enhancements and modestly lower capital expenditures.</li></ul>

Tyler Technologies reported a first quarter 2026 that demonstrated growth in key financial metrics, highlighting trends in recurring revenue, free cash flow, and strategic positioning that provide insight into the company’s operational dynamics and market opportunities.Total and recurring revenues each achieved record levels in the quarter, supported by strong public sector demand and a growing pipeline across cloud offerings, AI-integrated applications, and transactional solutions.Free cash flow more than doubled compared to the prior year’s first quarter, largely driven by working capital improvements, including strong accounts receivable collections, along with operating margin enhancements and modestly lower capital expenditures.

Tyler Technologies: A $1.5 Billion TAM Opportunity From One Acquisition Is The Buy Case Anchor!

<ul><li>Tyler Technologies delivered a solid fourth quarter, marking a resilient finish to 2025 amidst fluctuating macro conditions.</li><li>The company reported a year-over-year 6.3% revenue growth to $575.2 million, highlighting strong performance metrics, particularly in recurring revenues and free cash flow.</li><li>Recurring revenues saw an 11% increase, buoyed by SaaS revenue growth exceeding 20% and transaction-based revenue rising by 12%.</li></ul>

Tyler Technologies delivered a solid fourth quarter, marking a resilient finish to 2025 amidst fluctuating macro conditions.The company reported a year-over-year 6.3% revenue growth to $575.2 million, highlighting strong performance metrics, particularly in recurring revenues and free cash flow.Recurring revenues saw an 11% increase, buoyed by SaaS revenue growth exceeding 20% and transaction-based revenue rising by 12%.

Why Tyler Technologies’ SaaS Engine Is Gaining Speed—Pipeline Strength and Execution Matter!

<ul><li>Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year.</li><li>This growth was driven by a 20% increase in SaaS revenue and an 11.5% rise in transaction revenue.</li><li>The company has maintained a steady pipeline of business, supported by stable RFP and demo activities, suggesting a resilient demand in the public sector for Tyler's solutions.</li></ul>

Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year.This growth was driven by a 20% increase in SaaS revenue and an 11.5% rise in transaction revenue.The company has maintained a steady pipeline of business, supported by stable RFP and demo activities, suggesting a resilient demand in the public sector for Tyler's solutions.

Tyler Technologies Snaps Up CloudGavel—What’s The Real Play Here?

Tyler Technologies: Its Efforts Towards Cross-Sell & Upsell Initiatives to Drive Higher Growth & Revenue Potential From Current Accounts!

<ul><li>Tyler Technologies, a leading provider of integrated software and technology solutions to the public sector, has reported robust financial performance for the second quarter of 2025.</li><li>The company showcased a notable doubledigit increase in total revenue, underpinned by escalating demand in SaaS and transaction-based revenue, which grew 21.5% and 21.3%, respectively.</li><li>This marks the 18th consecutive quarter that Tyler Technologies has experienced over 20% growth in SaaS revenues, highlighting strong client adoption of its cloud-first offerings.</li></ul>

Tyler Technologies, a leading provider of integrated software and technology solutions to the public sector, has reported robust financial performance for the second quarter of 2025.The company showcased a notable doubledigit increase in total revenue, underpinned by escalating demand in SaaS and transaction-based revenue, which grew 21.5% and 21.3%, respectively.This marks the 18th consecutive quarter that Tyler Technologies has experienced over 20% growth in SaaS revenues, highlighting strong client adoption of its cloud-first offerings.

Tyler Technologies: Robust Pipeline, Market Stability & Other Factors Driving Our Optimism!

United States

Tyler Technologies, Inc. provides end-to-end information management solutions and services for local governments. The Company's client base includes local government offices throughout the United States, Canada, Puerto Rico, and the United Kingdom.

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Tyler Technologies (TYL US)

Tyler Technologies: A $1.5 Billion TAM Opportunity From One Acquisition Is The Buy Case Anchor!

Tyler Technologies reported a first quarter 2026 that demonstrated growth in key financial metrics, highlighting trends in recurring revenue, free...

Baptista Research

Why Tyler Technologies’ SaaS Engine Is Gaining Speed—Pipeline Strength and Execution Matter!

Tyler Technologies delivered a solid fourth quarter, marking a resilient finish to 2025 amidst fluctuating macro conditions. The company reported...

Baptista Research

Tyler Technologies Snaps Up CloudGavel—What’s The Real Play Here?

Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year. This growth was driven by a 20%...

Baptista Research

Tyler Technologies: Its Efforts Towards Cross-Sell & Upsell Initiatives to Drive Higher Growth & Revenue Potential From Current Accounts!

Tyler Technologies reported strong third-quarter 2025 results, with revenues growing by nearly 10% year-over-year. This growth was driven by a 20%...

Baptista Research

Tyler Technologies: Robust Pipeline, Market Stability & Other Factors Driving Our Optimism!

Tyler Technologies, a leading provider of integrated software and technology solutions to the public sector, has reported robust financial...

Baptista Research

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