Oct 29 (Reuters) -

Fortive ( FTV ) on Wednesday raised its annual profit

forecast, after beating third-quarter sales and profit estimates

on robust demand for its industrial automation software

technology, sending its shares up about 10%.

The industrial equipment maker's intelligent operating

solutions segment, which also saw strength in demand for

professional instrumentation and gas detection tools, posted a

2.6% rise in quarterly revenue to $699 million.

The segment makes software such as Accruent, Gordian and

ServiceChannel, used to manage workflows such as maintenance and

repair of properties and asset tracking.

The company expects annual adjusted earnings in the range of

$2.63 to $2.67 per share, compared with its prior forecast of

$2.50 to $2.60 per share.

Fortive's ( FTV ) third-quarter adjusted profit came in at 68 cents

per share, beating analysts' average estimate of 57 cents per

share, according to data compiled by LSEG.

Its quarterly sales rose 2.3% to $1.03 billion from a year

ago, compared with expectations of $1.01 billion.