July 21 (Reuters) - Roper Technologies ( ROP ) raised
its forecasts for annual revenue and adjusted profit on Monday,
betting on resilient enterprise spending on its vast portfolio
of software products amid macroeconomic uncertainty.
With businesses grappling with a shifting trade landscape
following President Donald Trump's tariffs, spending on Roper's
products has stayed strong as the company provides critical
software infrastructure across a diverse range of industries.
Roper, which caters to sectors including education,
healthcare, insurance and construction, among others, has also
been aggressively pursuing acquisitions to grow its product
portfolio inorganically amid a volatile long-term outlook.
The company said it had signed a deal last week to acquire
AI-based software firm Subsplash, which serves faith-based
organizations, for $800 million.
"With significant M&A capacity and our proven acquisition
model, we remain well-positioned to execute our disciplined
capital deployment strategy against a large pipeline of
attractive opportunities," Roper CEO Neil Hunn said.
The company expects its 2025 revenue growth to be around
13%, up from its previous expectation of around 12%.
Roper also lifted its annual adjusted profit forecast to
a range of $19.90 to $20.05 per share, compared with its prior
view of $19.80 to $20.05.
The company reported revenue of $1.94 billion for the
second quarter, beating analysts' average estimate of $1.93
billion, according to data compiled by LSEG.
Its quarterly net income came in at $3.49 per share,
compared with profit of $3.12 per share a year ago.