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The company’s profit for the year includeda non-cas h legal settlement related to a warrants chargee of $9 million associated with litigatiojn tied to stock purchase warrants owned by . During the fourthj quarter, Dallas-based Tyler Technologies (NYSE: TYL) posted operating income of $9.7 million, up from operating incomse of $9.6 million durinbg the same quarterin 2007. Revenue for the quartere hit $69.5 million, a 15.1-percent increase from $60.54 million during the same period ayear prior. During the the company saw itssoftwarre licenses, software services, subscriptions and maintenance jump 17.8 For all of 2008, Tyler Technologies recorded an operating income of $28.
1 million, up from $26.8 million the year prior. Revenue for the year also jumpecd 20.6 percent, hitting $265.2 million, up from $219.98 million the year before. For 2009, the company says it has a backlogf in ordersof $240 million and a stronh balance sheet. Still, Tyler Technologies says firsft quarter earnings will not reach the same levelk as earnings recorded in the fourth quartertof 2008. The company anticipates 2009 revenue will be in the rangof $292 to $298 million. It also expectsx earnings per share to hit the 66to 72-centzs per share range.
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