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Roper Technologies lifts annual forecasts on steady software demand, acquisitions
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Roper Technologies lifts annual forecasts on steady software demand, acquisitions
May 25, 2025 8:05 PM

April 28 (Reuters) -

Roper Technologies ( ROP ) on Monday raised its annual

forecasts for revenue and profit after beating Wall Street

estimates for first-quarter results, helped by acquisitions and

strong demand for its enterprise software services.

Companies have taken a cautious approach to their

spending as budgets tighten amid economic uncertainties, but

Roper has seen steady demand thanks to its specialized software

products that are critical to enterprise operations across a

wide range of industries.

Roper has also driven growth through acquisitions

spanning across sectors including healthcare, transportation and

education.

The Sarasota, Florida-based company last year acquired

cloud-based software firm Procare Solutions, which provides

services for early childhood education centers, and campus

technology and payment solutions provider Transact Campus.

Roper last month also expanded its healthcare technology

portfolio with the acquisition of CentralReach, a provider of

software for autism and developmental disability care, for about

$1.65 billion.

The company now expects adjusted earnings per share between

$19.80 and $20.05 for the full year, compared with its previous

guidance of $19.75 to $20.00. It also forecast a current-quarter

per-share profit of $4.80 to $4.84, compared with $4.86

estimated by analysts, according to LSEG data.

It also expects annual revenue growth to be about 12%,

compared with its previous outlook of 10%.

"Despite an uncertain macroeconomic backdrop, we are

increasing our full year outlook. This is underpinned by

resilient demand for our mission critical solutions and our

expanding recurring revenue base," CEO Neil Hunn said in a

statement.

Roper reported revenue of $1.88 billion for the first

quarter, up 12% from a year ago. Analysts on average had

estimated $1.82 billion.

The company earned $4.78 per share in the three months ended

March 31, beating estimate of $4.74.

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