However, public sector entities’ continued shift to SaaS at an accelerated pace is likely to have negatively impacted Tyler’s Software Licenses and Royalties segment revenues. TYL bought three businesses in the last 12 months, namely Computing System Innovations or CSI, Safeground Analytics and Rapid Financial Solutions. Inflationary pressures might have led public sector entities to delay procurement processes and lengthen sales cycles, which could have hurt Tyler’s revenues in the quarter under review.