(Reuters) -Tyler Technologies beat Wall Street expectations for third-quarter revenue on Wednesday, benefiting from strong demand for its software-based services as customers look to digitize their operations and shift work to the cloud.

Tyler has been benefiting from a transition to a software subscription business model as it looks to aid its public sector customers in streamlining operations with the cloud.

“Leading sales indicators remain steady, reflecting a healthy new business pipeline supported by a resilient budget environment and sustained demand for digital modernization,” CEO Lynn Moore said in a statement.

The company reported revenue of $595.9 million for the third quarter ended September 30, beating estimates of $594.4 million, according to data compiled by LSEG.

It repo

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